December 14-20, 2012, Vol. 5, Issue 51 Special Emphasis: Regional Business From West Memphis to Oakland, from Tipton County to DeSoto County, the Mid-South communities that surround Memphis and comprise the metropolitan area are seeing business improve along with the economy. PAGE 16

Shelby • Fayette • Tipton • Madison

IP deal underscores incentive measures cities take to attract, retain companies High-Stakes Game PAGE 14

Photo: Lance Murphey International Paper has decided on trying to complete a deal with local economic development officials that would include incentives to help IP keep and expand its headquarters presence here. Those incentives would include multiple 15-year tax freezes on new and existing buildings, a more palatable proposition than a 30-year tax freeze that it looked at one point like the company was interested in, according to sources.

12 Sports The Memphis-Louisville game on Saturday boasts a few notable storylines. Perhaps the only one that can match the Tigers’ need to grab a signature win before heading into their Conference USA schedule is the fact that they are facing the most hated rival in university history. Don Wade breaks down the bad blood between the schools.

weekly digest: page 2 real estate: pages 26-27 law talk: page 28 newsmakers: page 31 EDITORIAL: page 38

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International Paper tional Paper CEO John Faraci said the cal oils and are packed in recycled boxes. collapsing in 2007. assets and division are not a part of IP¹s Reese, a Downtown resident, has been The SEC and other state regulators To Remain in Memphis core strategy but have value. International crafting candles for seven years, but didn’t previously charged the funds’ managers It looks like International Paper won’t Paper expects to complete the sale in the brand the business until this past January. with fraud, and Morgan Keegan – which have a political fight on its hands after all. first quarter of 2013 and the company “I wanted to be Downtown in the has since been sold to Raymond James The company has decided on trying to intends to use the money from the sale to South Main area with the foot traffic and Financial Inc. – later agreed to pay a fine complete a deal with local economic de- reduce its debt. the entertainment district,” Reese said. to settle the charges. velopment that would include incentives International Paper bought Temple- Downtown Candle Co. has booths “Investors rely on board members to to help IP keep and expand its headquar- Inland, of Austin, Texas, in a $4.5 billion at several events throughout the year, establish an accurate process for valu- ters presence here. transaction that began in late 2011 and including the Cooper-Young Festival, ing their mutual fund investments,” said Those incentives would include was completed in February. Germantown Festival and trade shows at Robert Khuzami, director of the SEC’s en- multiple 15-year tax freezes on new and The announcement Thursday, Dec. Agricenter International and The Cannon forcement division, in a statement about existing buildings, a more palatable 13, caps a busy week for the global paper Center for Performing Arts. the action. proposition than a 30-year tax freeze that and packaging company headquartered “We do a lot of those shows and the “Otherwise, they are left in the dark it looked at one point like the company in Memphis. demand just really, really grew,” Reese about the value of their investments and was interested in, according to sources. For more on the International Paper said. handicapped in their ability to make An Economic Development Growth deal and an in-depth look at how cit- Reese said Downtown Candle Co. informed decisions. Engine Board meeting was expected next ies use incentives to attract and retain is hoping to open during South Main’s Had the board not abdicated its week to vote on the project. companies, see this week’s cover story, monthly Trolley Night in February. responsibilities, investors may have stood Shelby County Commissioner Mike Page 14. a better chance of preserving their hard- Ritz said the company would be seeking earned nest assets.” a payment-in-lieu-of-taxes benefit on “a SEC Charges Eight Directors Morgan Keegan issued a statement good number of pieces of real estate” but Downtown Candle Co. Of Morgan Keegan Funds in response to the action blasting the not on IP’s corporate airplanes. To Open on G.E. Patterson action as the SEC “retroactively” regulat- “They worked it out, like we’d hoped The U.S. Securities and Exchange ing by enforcement an area the board has they would,” Ritz said. “There was just no Downtown Candle Co., a boutique Commission announced charges Monday, not provided “meaningful guidance” in chance they’d get past 15 years with the candle concept by Eumora Reese, is slated Dec. 10, against eight former members of through the normal regulatory process. County Commission.” to open its first brick-and-mortar location the boards of five Morgan Keegan mutual The eight fund directors named in In other IP-related news, the company in February in the South Main Historic funds for “violating their asset pricing the enforcement action are J. Kenneth is selling the building products division Arts District at 107 E. G.E. Patterson Ave. responsibilities under the federal securi- Alderman of Birmingham, Ala.; Jack R. of Temple-Inland Inc. for $750 million in The retailer will fill the 1,500-square- ties laws.” Blair of Germantown; Albert C. Johnson of cash to Georgia-Pacific LLC. foot bay recently vacated by Delphinium The Memphis-based funds, accord- Hoover, Ala.; James Stillman R. McFadden The assets in the sale include 16 Boutique in between Hoot + Louise and ing to regulators, were invested in some of Germantown; Allen B. Morgan Jr. of manufacturing plants that make particle- The Arcade Restaurant. securities backed by subprime mortgages Memphis; W. Randall Pittman of Birming- board, fiberboard and gypsum wallboard Downtown Candle Co.’s candles are and “fraudulently overstated the value of ham; Mary S. Stone of Birmingham; and as well as five solid wood mills. Interna- made from pure soybeans and botani- their securities” as the housing market was Archie W. Willis III of Memphis.

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Bigfish Hosts Health Care Jobless Aid Applications fluctuated between 360,000 and 390,000 one month after ServiceMaster posted this year. a third quarter operating loss of $724 Social Media Meet-Up Drop to 343,000 The storm had little effect on overall million, much of the loss attributed to Memphis-based creative company The number of Americans seeking hiring in November. Employers added TruGreen’s performance. Bigfish will host a free health care social unemployment benefits fell sharply for 146,000 jobs last month, the government TruGreen is one of seven businesses media meet-up next week. a fourth straight week, a sign that the job said last week. That’s about the same as and franchises providing home and com- The event on Dec. 19 will be held market may be improving. the average monthly gain of 150,000 in the mercial services as part of ServiceMaster, starting at noon at the Bigfish office on the The Labor Department said Thursday past year. which is based in Memphis. second floor of Minglewood Hall. that weekly applications for unemploy- The unemployment rate fell to 7.7 per- Alexander’s resume shows that before The one-hour discussion will focus ment benefits fell 29,000 last week to a cent – a four-year low – from 7.9 percent in he was with Citi Trends, an urban retailer on audience building, segmentation and seasonally adjusted 343,000, the lowest in October. But the decline occurred mostly based in Savannah, Ga., he served as presi- monetization specific to health care and two months. It is the second-lowest total because more people without jobs gave up dent and chief operating officer at Family nonprofit organizations, and it will include this year. looking for work. The government counts Dollar Stores. a light lunch. Applications are a proxy for layoffs, so people without jobs as unemployed only if More recently he was a retail consul- John Avola, liaison of iMarketing social the drop indicates that companies are cut- they’re actively seeking one. tant for Apax Partners of London. And for and mobile at ALSAC/St. Jude Children’s ting fewer jobs. But employers also need The total number of people receiving two years, he was chairman, president and Research Hospital will serve as a guest to step up hiring to rapidly push down the benefits rose to 5.6 million in the week that CEO of Portrait Corp. of America. speaker. Tim Nicholson, Bigfish president, unemployment rate. ended Nov. 24, the latest period for which Changes at TruGreen were the first and Addie McGowan, director of social The drop suggests that companies data are available. That’s nearly 700,000 order of business for Mullany when he media, will lead the discussion. aren’t laying off workers in advance of the more than in the previous week. The figure became ServiceMaster CEO in April 2011. Bigfish creates brands, develops social “fiscal cliff,” the package of tax increases isn’t seasonally adjusted, so it can be vola- Brackett was an interim choice to be head media solutions and designs websites for and spending cuts set to take effect early tile from week to week. of TruGreen because of his experience at membership organizations, foundations, next year. the Terminix division of ServiceMaster. He small businesses and health care profes- “Worries about the fiscal cliff are not became the permanent head of the lawn sionals. translating into any significant weaken- David Alexander Named care business as it changed its sales meth- The company’s social media portfolio ing in the labor market yet,” said Jim President of TruGreen ods and offering of services. includes a host of local nonprofit organiza- O’Sullivan, an economist at High Frequen- Mullany has been interim president of tions. cy Economics. “Today’s reading suggests David Alexander, the former CEO of TruGreen since Brackett’s departure. They include Boys & Girls Club of net improvement, although it is just one Citi Trends, is the new president of Tru- Greater Memphis, Baptist Memorial week.” Green lawn care company, leaders of The Health Care Corp., McDonald Murrmann Applications spiked five weeks ago ServiceMaster Co. announced Tuesday, Herff Jones Inc. Chooses Women’s Clinic, Pediatrics East, The Next because of Superstorm Sandy. The storm’s Dec. 11. New Chief Operating Officer Thing You Do, Best Lawn and Marx-Bens- impact has now faded. The four-week ServiceMaster CEO Hank Mullany dorf Realtors. average, a less volatile measure, fell 27,000 announced the appointment of Alexander Jeff Webb, founder and CEO of Visit www.gobigfishgo.com/hcsm to to 381,500. two months after TruGreen president Tom Memphis-based Varsity Brands Inc., will register for the event. Before the storm, applications had Brackett announced his resignation and be the new president and chief operating

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officer effective Jan. 1 at Herff Jones Inc., a fundraiser is a September golf tournament 2.5 percent. Forensic Engineering Firm manufacturer of graduation-related items and auction at Trump National Golf Club The latest forecast projects inflation Opens Memphis Office like yearbooks, rings, caps and gowns. in Westchester, N.Y. will stay at or below 2 percent for the next Herff Jones’ current president and three years. That gives the Fed more lee- Rimkus Consulting Group Inc., a CEO Joe Slaughter is retiring as of June 30, way to pursue aggressive measures. Houston-based forensic engineering con- 2014. In addition to his new role, Webb will Fed: High Unemployment In an effort to drive the unemployment sulting firm, opened a new office at 1661 remain the CEO of Varsity, which employs For Next Three Years rate lower, the Fed said after its meeting International Drive, suite 400, in Memphis nearly 850 full-time staff, 250 of whom are that it will spend a total of $85 billion a Dec. 1. based in the Memphis area. The Federal Reserve projects the month to sustain an aggressive drive to The new office is led by Rimkus district Webb started Varsity out of his apart- unemployment rate will stay elevated until keep long-term interest rates low. The manager, Lawrence Wedderstrand. The ad- ment in Memphis in 1974. Today, the late 2015, suggesting it will keep short- goal is to encourage more borrowing and dition of this location for Rimkus Consult- company produces more than 1 million term interest rates low for the next three spending, which drives economic growth. ing Group will provide increased regional uniforms annually, and educates more years. The Fed said it will continue buying coverage, according to a company press than 320,000 athletes annually at camps The latest economic forecasts released bonds until the job market shows substan- release. nationwide. Wednesday after the Fed’s final meeting of tial improvement. Wedderstrand said the office will work the year were little changed from Septem- closely with Rimkus offices in Nashville, ber. But they coincided with a new com- Jackson, Miss., and Little Rock, Ark. He Eric Trump Donates munication strategy announced by the Fed Fewer US CEOs Expect added that the Memphis office will work $20 Million to St. Jude that links future interest rate hikes with Hiring Dip Next 6 Months with the local market to address a vari- unemployment below 6.5 percent. ety of issues and legal matters involving A year after he donated $1 million to The unemployment rate was 7.7 per- A survey of U.S. chief executives shows catastrophic events, property damage, St. Jude Children’s Research Hospital, Eric cent in November. the number of large companies that plan construction defects, fire and explosions, Trump has donated $20 million to the The central bank said that it expects to add jobs or hire more workers is essen- vehicle accidents and product failures. Memphis medical and research institution. economic growth to improve next year but tially unchanged versus three months ago, The son of Donald Trump pledged the that it will be no stronger than 3 percent. although fewer expect hiring to decrease. $20 million through his Eric Trump Foun- Growth could increase to 3.5 percent in The Business Roundtable said Wednes- Eclectic Eye Supports dation for a new surgical and intensive 2014 and 3.7 percent in 2015. day that 29 percent of its member CEOs Child Advocacy Center care center wing to the hospital. Unemployment will fall no lower than plan to increase hiring over the next six The foundation has as its mission 7.4 percent next year and 6.8 percent by months, the same as in September when Local optometric boutique Eclectic Eye raising money for terminally ill children the end of 2014, the Fed projects. The earli- the group released its previous quarterly is supporting the Memphis Child Advocacy at St. Jude. It already funds a research lab est the Fed sees unemployment dropping survey. Center this holiday season by collecting working on Acute Megakaryocytic Leuke- below 6.5 percent is the end of 2015. But only 29 percent expect hiring to teddy bears for the organization’s Bearing mia. It was childhood leukemia that was The Fed said it plans to keep its key decrease versus 34 percent in the previous It Together program, which serves children the initial focus of St. Jude when it opened short-term interest rate near zero as long report. who are victims of sexual and severe physi- in 1962. as unemployment remains above 6.5 per- CEOs are slightly more pessimistic cal abuse through prevention, education The Eric Trump Foundation’s chief cent and inflation is expected to stay below about their future sales, capital spend- and intervention. ing and the overall U.S. economy, amid Donations of brand new teddy bears uncertainty over the impact of budget cuts will be accepted at the boutique’s Mem- and tax increases that are set to take effect phis location, 242 S. Cooper St., and Col- at the start of next year. lierville location, 3670 S. Houston Levee CEOs are worried about the pending Road, suite 102, through Dec. 22. U.S. budget changes, known as the “fiscal Additionally, for every frame purchase cliff.” made during December, Eclectic Eye will Earlier this month, all the Roundtable donate $5 to the nonprofit. members delivered letters to the White House and to congressional leaders urging a compromise that includes more rev- US Employers Advertise enue, even if it means raising tax rates, and More Jobs in October structural and benefit changes to social programs. U.S. employers advertised more jobs The Roundtable combines CEOs’ in October than September, a hopeful sign survey responses on sales, capital spend- hiring could pick up. ing and hiring into an index gauging the The Labor Department says job open- executives’ overall economic outlook. The ings rose by 128,000 to 3.68 million. That’s latest index was 65.6, a slight dip from 66.0 the most since June. in the third quarter, but down sharply from The number of available jobs is slowly 89.1 in the second quarter. climbing back to the roughly 4 million that were advertised each month before the recession began in December 2007. Lenny’s Sub Shop Gives With nearly 12.3 million people unem- To Needy This Holiday ployed in October, there were 3.3 unem- ployed people, on average, competing for Memphis-based Lenny’s Sub Shop is each open job. That’s the lowest ratio since using its Facebook page to bring holiday November 2008. Still, in a healthy econo- cheer to those in need. my, the ratio is roughly 2 to 1. Via the “Lenny’s Gives Back Holiday Companies kept creating jobs in Contest” which kicked off Dec. 3, fans of November at a modest pace. Employers the sandwich chain’s Facebook page were added 146,000 net jobs last month, the encouraged to visit the Facebook page government said Friday. at www.facebook.com/LennysSubs and nominate someone they believe deserves financial aid this holiday season. Starting Haslam Decides Against Dec. 10, fans were able to log on and vote Health Insurance Exchange for the nomination they feel most deserves the $1,000 grand prize. Gov. Bill Haslam has decided not Friday at 7:00pm WKNO Second place through fifth place will to create a state-run health insurance Friday at 7:30pm WKNO2 receive $500. The top 200 stories are avail- exchange, leaving the operation to the able for Lenny’s Sub Shop’s Facebook fans federal government. Sunday at 8:30am WKNO to vote on through Wednesday, and the Haslam announced his decision during winners will be announced Friday. a speech Monday, Dec. 10. The Republican www.thememphisnews.com December 14-20, 2012 5

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mers, Simpson, Lillie & Gresham PLLC, is Real Estate Magazine Names the new vice president. Tommy Parker, an Cates to Hall of Fame attorney with Baker, Donelson, Bearman, FROM THE BLOG Caldwell & Berkowitz PC is the new secre- Andy Cates, executive vice president tary/treasurer. with Colliers International Memphis, was New members of the board of directors recently honored as a part of the 2012 Mid- Overton Square Behind the Scenes: include David Harris, Jana Davis Laman- west Real Estate News Magazine’s Hall of History of the Griffin House na, Emily Landry, Mike Robb, Abby Webb, Fame, which honors the Midwest’s biggest Shea Wellford and Young Lawyers Division names in commercial real estate. president Annie Christoff. Newly elected Cates has completed more than 450 Editor’s Note: “From the Blog” is a weekly feature that highlights section representatives are Dean DeCan- transactions involving more than 45 mil- some of the enterprising work our staff and contributors post on The dia and Clint Hermes. lion square feet since joining Colliers in 1998. He serves on the Colliers Interna- Daily News blog, blog.memphisdailynews.com. tional Industrial Advisory Board and the Logistics/Transportation Services Group SARAH BAKER | The Memphis News $375,000 Grant Awarded To UTHSC for Eye Research Steering Committee. Cates has been recognized at the state n the Dec. 7 paper, I recapped some of the improvements being The National Eye Institute has awarded level by Business Tennessee Magazine, and Imade to Midtown’s Overton Square. One enhancement has been a grant worth $375,000 to the University is frequently named a top CoStar broker. made to what Loeb Properties Inc. is calling, “the Griffin House.” of Tennessee Health Science Center for In October, Cates was honored as one of vision research. the top 10 percent of Colliers brokerage The 1,500-square-foot property at 2116 Madison Ave. is named af- The grant from the NEI, which is an professionals as part of the company’s ter Leighnora Elizabeth Griffin, who moved into the house in 1919. agency of the U.S. Department of Health Everest Club. “During the mid-70s heyday of Overton Square entertainment and Human Services, will fund research to focus on development of new blood ves- district, she and her husband, John, continued to live in the house sels for the retina. Martin Institute Picks Baker and turned down many offers to purchase this home,” said Tom The primary objective of the NEI’s Core As New Executive Director Hayes, vice president of construction for Loeb Properties. Grants for Vision Research is to provide groups of investigators who have achieved Jamie Feild Baker will become execu- Leighnora Griffin lived here until her death at age 89 in 1991. The independent NEI funding with additional tive director of the Martin Institute for cottage was then combined with the Paulette’s restaurant by two support for conducting vision research. Teaching Excellence with the new year. breezeways – a front breezeway and main connector that included NEI, the first government organization Baker, a national education consultant solely dedicated to research on human who has been working with the Martin seating, as well as a rear connector that was used as a service hall- visual diseases and disorders, was estab- Institute for about a year, was named to way, private courtyard and outdoor seating. But Loeb’s marketing lished by Congress in 1968. the post Dec. 12 by the institute’s board of research for its revival of the square showed the conjoined building trustees. Clif Mims, the institute’s first ex- ecutive director, will continue to work on was not a viable option leasing purposes, Hayes said. MAAR Reports some projects but will leave the position “We then demolished the connectors to separate the structures November Home Sales to continue his work at the University of once again,” Hayes said. “Because we had just completed major Memphis where he is an assistant profes- Memphis-area home sales for No- sor working in instructional design and structural repairs at the old Yosemite Sam building with great suc- vember increased 8.5 percent from a year technology. cess, we made the decision to keep the cottage despite the struc- ago, with 1,180 total sales recorded in the The institute was started in 2010 on the tural repairs that needed to be made.” Memphis Area Association of Realtors campus of Presbyterian Day School with a MAARdata property records database. gift from PDS trustee and former Saks Inc. For more, visit blog.memphisdailynews.com. Total sales decreased 13.9 percent from CEO and board chairman Brad Martin. October. Average sales price year over year Working with PDS and the Univer- was up 6.2 percent at $128,339. sity of Memphis, the institute’s goal is to Inventory declined 4.4 percent, with advance professional development of governor, who had until Friday to decide, designed to reach an estimated 96,000 6,805 units listed for sale. Sales volume teachers in public and private education in said the lack of information from the fed- unbanked or underbanked residents. The year to date increased 19.3 percent to the region. The institute is also in the third eral government was “scary.” goal was then and remains to better ex- $1.79 billion. year of a teacher residency program. The exchanges, part of the federal plain the banking process and its benefits The database includes records of all Baker is a native Memphian and St. health care overhaul, create new online and lower barriers that might keep poorer property transactions in Shelby, Fayette Mary’s Episcopal School graduate who markets where consumers will be able to citizens from depositing their money or and Tipton counties. earned her degree in economics and buy individual private health insurance prompt them to seek out legal but more To see real estate information com- finance from Georgetown University. She coverage. expensive financial solutions like payday pany Chandler Reports’ November totals worked as an institutional salesman in var- Haslam previously said the state likely and title loans when lower interest financ- for Shelby County, see Page 26. ious companies’ fixed income divisions. could run an exchange more efficiently but ing options are available. acknowledged getting legislative approval The relaunch will focus on the South would be difficult. Memphis area and it will worth in con- Many Republican lawmakers ran for junction with Wharton’s Innovation Deliv- office on a platform of opposing President ery Team effort. Read to your baby. Barack Obama’s health care plan. Tea The innovation team effort is a set party supporters protested the idea of a of initiatives to reduce gun violence and state-run exchange outside the Capitol last encourage small locally owned business It’s amazing how much week, deriding it as “Haslamcare.” growth in three sections of the city, includ- ing South Memphis. It is funded separately by the Bloomberg Foundation. you’ll both learn. Wharton, Lenoir Relaunch ‘Bank on Memphis’ Program Memphis Bar Association Memphis Mayor A C Wharton Jr. and Announces New Positions Shelby County Trustee David Lenoir are relaunching a financial literacy program, The Memphis Bar Association has its “Bank On Memphis,” with a $10,000 con- new officers for 2013. tribution from Regions Bank for renewed Linda Warren Seely, director of private marketing and other outreach costs. attorney involvement with Memphis Area Go to TUCI.org for a copy of the Parents Guide to Kindergarten Readiness. Bank On Memphis was launched Legal Services Inc., is the 2013 president. in March 2011 as a countywide effort Kirk Caraway, an attorney with Allen, Sum- 6 December 14-20, 2012 www.thememphisnews.com

contributors december 14-20, VOL. 5, NO. 51 news

NONPROFIT SECTOR

President & CEO Peter Schutt Changes Coming To bill dries Senior Reporter

General Manager Emeritus Government, Transportation/Distribution/Logistics, Ed Rains Education, Manufacturing, Agribusiness Literacy Mid-South 528-5277 | [email protected] Publisher Eric Barnes JONATHAN DEVIN | Special to The Memphis News

Associate Publisher & Executive Editor James Overstreet

Managing Editor or the last year and a half, book- organizations to teach people to read. Lance Allan Wiedower keeping has been on Kevin Dean’s “I want our employees out in the com- mind as much as books. The munity. Everything we’re doing is to make Deputy Managing Editor andy meek F Eric Smith Senior Reporter executive director of Literacy Mid-South things easier for the student. Meeting them

Banking/Financial Services/Accountants, Markets & Economy, said that sweeping changes announced for where they are at their local libraries allows Associate Editor Economic Development, Small Business, Attorneys/Courts/ 2013 will increase the organization’s foot them not to have to take a bus ride here. Kate Simone Civil Litigation print while stabilizing its finances. Some people literally get on the bus at 5 528-5279 | [email protected] “We understand how we can affect the a.m. to get here at 9 a.m.” Graphic Designer & Photo Editor community more than just being in this Tutor resources will now be loaded Brad Johnson building,” said Dean, who became execu- onto the group’s website by an Americorp/ tive director of the 35-year-old nonprofit VISTA intern placed especially for that Graphic Designer & Illustrator organization in May 2011. “We want to purpose. Tutors and students will set up Emily Morrow be a community-based organization, not their appointments without calling in a building that’s constrained by square to Literacy Mid-South’s office and they Senior Production Assistant Sandy Youngblood footage.” will report tutoring hours by text. Staff Decentralization of the organization’s members will conduct progress checks on SARAH BAKER Production Assistant REPORTER Adult Learning Program is at the heart of samples of students every six months. Laurie Beck six changes announced Sunday, Dec. 9. The new changes will allow the orga- Commercial and Residential Real Estate, Architects/Engi- In 2013 Literacy Mid-South will leave nization to cut expenses including $6,000 neers/Construction, Advertising/PR/Media, Tourism/Hospi- Pressman tality, Food/Restaurants its two-story, 10,000-square-foot learning a month in rent and utilities and focus on Cedric Walsh 521-2464 | [email protected] center on Cooper Street in Midtown for a growing its database of individual donors, smaller space to be determined. something Dean said had not been done Pressman Dean said he is still negotiating for prior to his hiring. Pete Mitchell a space, but that it will be no more than “I walked in and the organization had 1,500 to 2,000 square feet and contain not been doing fundraising and people did Pressman Robert SHANNON nothing more than cubicle space and a not understand the new brand,” Dean said. conference room. There is a possibility “The community had become disengaged Administrative Specialist that the new space may be donated, but with the program outside of our volun- Marsha Payne if that does not work, Literacy Mid-South teers. We had too many programs and they DON WADE will lease space along a main Memphis didn’t all fit together. We would have been Senior Account Executive SPORTS COLUMNIST Area Transit Authority bus line in a more closed most likely by early this year.” Janice Jenkins [email protected] centrally-located part of town. Since then Literacy Mid-South has re- One-on-one tutoring and small group stored its depleted money market account Advertising Director tutoring will take place in more than 20 to more than $100,000 and its reserve fund Don Fancher area libraries, whose staff members will at the Community Foundation of Greater

Business Development Manager be trained to assist literacy tutors and stu- Memphis to more than $300,000. New Patricia McKinney dents in finding a quiet place to work and rules have been established to provide learning resources. Also, the organization board oversight of withdrawals from the Director of Marketing & Circulation will develop a program to train and certify reserve account. Recently the organiza- Donna Waggener other nonprofit organizations to operate tion received a $200,000 challenge grant LANCE MURPHEY their own tutoring programs at their own from a private donor to increase individual Production/Distribution Manager PHOTOGRAPHER sites, something the organization has done donors, and two new special events will be John Buescher Weekly features, spot news very little of historically. announced in 2013. [email protected] “We realize that we can only serve 550 Other announcements made Sunday Controller Pam Mallett people a year and we’re at capacity,” Dean include changing hours with expanded said. “We’re not worried about the compe- meeting times for tutors and students on To reach our editorial department, e-mail: tition, we welcome competition.” weekends, two new staff hires and chang- [email protected] or call: 901-523-1561 Formerly known as Memphis Lit- ing job descriptions for existing employ- Published by: eracy Council, Literacy Mid-South began ees, and no more fees for students in the THE DAILY NEWS PUBLISHING CO. 193 Jefferson Avenue in shared office space at Memphis City program. The changes take effect Jan. 1. Memphis, TN 38103 Schools’ Messick Adult Learning Center, Dean said the response from donors P.O. Box 3663 Memphis, TN 38173-0663 offering only one-on-one tutoring usually and grantors has been very positive as Tel: 901.523.1561 in libraries. At the time the organization have responses from students and tutors Fax: 901.526.5813 www.memphisdailynews.com The Daily News is supportive, including in renovated and moved into its current involved in focus groups that helped some case being on the boards of, the following building on Cooper, the group made a shaped plans over the last year. The Daily News is a general interest organizations: Literacy Mid-South, Grace St. newspaper covering business, law, Luke's Episcopal School, Wolf River Conservancy, push toward center-based learning. Dean Asked if the changes were directly government, and real estate and Ronald McDonald House, Great Outdoors said that times have changed once again. linked to the agency’s financial troubles, development throughout the Memphis University, Tennessee Wildlife Federation, metropolitan area. Temple Israel, St. Jude's, St George's “If this was 1997, I’d be all for central- Dean said no, that organizationally The Daily News, the successor of the Daily Independent Schools, Shelby Residential & izing too, because we didn’t have the Literacy Mid-South had been due for an Record, The Daily Court Reporter, and The Vocational Svcs, Shelby Farms Park, Calvary Daily Court News, was founded in 1886. & The Arts, Bridges, Boys & Girls Club of communication and the technology we overhaul regardless of it budget. Greater Memphis, Binghampton Development have now,” Dean said. “Now we can actu- “The changes might be uncomfort- Corporation, U of M Journalism Dept., Chickasaw AUDIT PENDING Council Boy Scouts, Memphis Leadership ally track people and get feedback from able at first, but I trust our staff enough to Foundation, Junior Achievement, Overton Park people. We’re a new organization. Mem- know that’s going to work out,” Dean said. Conservancy, The Cotton Museum and WKNO. phis Literacy Council was there to teach “I didn’t come here to keep things the way people to read. Our goal is also to teach they were.” www.thememphisnews.com December 14-20, 2012 7

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ADVERTISING SMALL BUSINESS Crews Ventures Uniquely Creative Lab Closing In Paradigm Marketing & Creative celebrates 20 years in business, On 2013 Launch renovations at Southwind Office Center headquarters andy meek | The Memphis News

he University of Memphis’ Crews Ventures Lab program, a business Tstart-up facilitator and incubator, is well on its way toward launching in 2013. Already the program, which is still in the development stage, nearly has reached its $2 million fundraising goal. It’s also opening a dedicated space in August, which will provide a place for University of Memphis-based technology startups to be built and launched. The building it’s renovating is the former Mason’s Lodge at Walker Avenue and Patterson Street. Once open, it will offer flexible office space, offices for inves- tors and mentors, lab areas for prototype development, advanced technological systems and more. The upstairs will be a co-working Photos: Courtesy of Jason Lee, Paradigm Marketing & Creative space. The whole thing will be designed Paradigm Marketing & Creative’s newly renovated office space is clean and modern, and includes in- with a view toward just the space alone teractive and team building areas. The full-service boutique marketing agency spent $70,000 on office fostering an atmosphere where creativity upgrades. can flourish. Its focus will be on university students, sarah baker | The Memphis News said founder and chief idea architect they are,” Gaushell said. “Because we’ll faculty and university-licensed technol- Charles Gaushell. “We wanted to keep it see a lot of times our clients, especially ogy. And it will be a place on the university clean and modern. It’s a real interactive in this economy, they’re still saying the campus, said Crews Ventures Lab manager space.” parody – making various statements Trish Kalbas-Schmidt, where “walls come he freshly painted walls at Gaushell worked with senior 3D art- that they can’t back up and they’re not down” and student visions are brought to Paradigm Marketing & Creative ist Jason Lee to develop the 3D illustra- necessarily talking about benefits.” life. Tinclude the definition of creativ- tions for the upgrades before taking the Paradigm uses the real estate “We want a diversity of skill sets and ity spelled out to serve as a constant re- plans to The Crump Firm Inc. for final design/build five-step approach as a personality types,” said Kalbas-Schmidt, minder of the 20-year old firm’s mantra. design. That gave the nine-employee metaphorical check list as it advises cli- who also talked about components of the “The ability to tran- ents. First is blue print lab such as educational programming scend traditional ideas and foundation, where possibly this spring and the possibility of and to create meaning- the company figures experiential learning credits for students. ful new ideas,” the wall out its message of what “We want this to be a great place where, for leading into the newly sets them a part from its example, business students can work with refurbished kitchen area industry peers. engineers. reads. Next comes “For us, the goal is students launching The full-service, framework, analyzing companies. But also, if they don’t launch a boutique marketing different angles and company, we’re still giving them incredible agency recently com- deliverables, “but not skill sets.” pleted $70,000 worth of so much how it looks Kalbas-Schmidt was hired in August office renovations at its yet,” Gaushell said. The as the lab’s manager. She has 10 years of headquarters in South- façade is the fourth marketing and community relations expe- wind Office Center, 8275 step, then finally main- rience, as well as a background in business Tournament Drive, owned tenance and modifying development. by Highwoods Properties the message over time. The lab’s team also includes Dr. Kevin Inc. “What happens is a Boggs, assistant vice president of technol- Paradigm installed dry Paradigm held an open house Thursday, Dec. 6, to celebrate the firm’s lot of companies jump ogy transfer at the university. Students and erase walls, brainstorm- 20th anniversary and renovations at its Southwind headquarters. straight to what just faculty “will work though a guided creativ- ing areas, a drawing table makes them look good, ity process” to build and expand their for logo and website sketching, a new Paradigm team a preview of its updated but they don’t have the foundation and ideas, Boggs said. conference room and knocked down digs and helped contractor B & B Spe- messaging that really supports that,” The lab is being positioned as a future several walls to allow for more open cialty Contractors Inc. with materials, Gaushell said. “We know we do good nucleus of entrepreneurial culture at the collaboration between employees and pricing and construction. graphics work, but if you just jump to university, as well as something that can clients. The agency also enhanced the The majority of Paradigm’s clients making it pretty, you’ve really missed it.” enhance student experiences and support finishes, added retro furniture and pops come from the areas of real estate and Paradigm, founded in 1992, has faculty research. of its red and black company colors development, hospitality, medical, provided marketing and graphics work It also will take its place alongside an throughout its 3,596-square-foot office biosciences and other service-related in 34 states and nine countries. In Sep- expanding entrepreneurial ecosystem in space. industries. The firm works mainly with tember Paradigm Marketing & Creative Memphis that includes accelerators, incu- “We wanted an office that was a business-to-business companies. opened a satellite office in Dallas to bators, mentors and investors all tailored little more conducive to the way we “One of our things is really helping expand its business and gain clients in a to help some or multiple phases of the work, which is really very collegial,” companies clearly differentiate who growing market area. process. 8 December 14-20, 2012 www.thememphisnews.com

FINANCIAL SERVICES Funds Launch Homebuyer Program

ANDY MEEK | The Memphis News

major effort to help people buy director Tim Bolding said in a statement. education sessions before closing. The and keep homes in Memphis and “As the nonprofit member of this pro- sessions are available through United AShelby County has launched, gram, the United Housing team is happy Housing or a HUD-approved counseling thanks to funding received by Memphis to help facilitate an applicable solution agency. and Shelby County from Wells Fargo. that could be the answer for prospec- l They don’t have to be a first-time The Memphis-Shelby County Helping We believe buying a tive homebuyers in Memphis and Shelby homebuyer. Homebuyers program is providing down County.” l If they currently own a home, it payment assistance of up to $15,000 to home is a rewarding The program launched a few weeks must be sold before closing, and it cannot qualifying borrowers who buy and live in achievement that everyone ago with a workshop at the Memphis be rented or leased. a home in the city or county. The funds should experience, but Cook Convention Center. Wells Fargo was The first step in the process is get- also can be used for renovation. it’s tough to accomplish. the presenting sponsor of the event, at ting a preapproval, which will determine Down payment assistance totaling As the nonprofit member which several lenders were present. the price range before a borrower begins $4.5 million is available. “ Memphis Mayor A C Wharton Jr. searching for a home. Contacting a local To qualify, applicants must meet of this program, the and Shelby County Mayor Mark Luttrell home mortgage consultant or United criteria including household income not United Housing team is announced the program at a home in Housing will begin the process. exceeding 120 percent of the area median happy to help facilitate an the Scenic Hills neighborhood that was The borrower will be asked to provide income, which is $71,000 for a family of applicable solution that renovated by United Housing using fed- documentation of income and assets. A four. could be the answer for eral Neighborhood Stabilization Program website, www.helpingmemphishomebuy- Wells Fargo is providing funding as funds. That three-bedroom home also is ers.com, has been set up which walks bor- part of a deal reached with the city and prospective homebuyers for sale and available for help through the rowers through everything they’ll need to county to end a lawsuit against the bank in Memphis and Shelby down payment assistance program. do to prepare. over its lending practices here. That County.” Interested homebuyers must meet “Today, despite low home prices and agreement, reached earlier this year, has – Tim Bolding specific program requirements to be historically low interest rates, many fami- resulted in Wells Fargo providing $7.5 mil- Executive director, United Housing eligible for down payment assistance and lies are still unable to purchase a home lion to the city and county. benefits. because they struggle with making the The $4.5 million in down payment l They must be approved for home down payment,” Wells Fargo’s Memphis assistance comes from that total. United program. financing. market president Tom Patronis said in a Housing Inc., a nonprofit group providing “We believe buying a home is a l Household income must be equal statement. “In this way, we can help get homeownership services to low-income, rewarding achievement that everyone to or less than 120 percent of the area people in homes across Memphis and middle-income and first-time homebuy- should experience, but it’s tough to ac- median income. Shelby County by providing money to ers, will administer the down payment complish,” United Housing executive l They must attend homebuyer make homeownership affordable.”

Misdirection has Taken us Toward the ‘Fiscal Cliff’

Please recognize that the GDP will rise from 22 percent today to extract from the economy, as a per- 2011, post-tax increase, they paid $6.5 “fiscal cliff” debate will not end with cur- 26 percent in 2037. Therefore, mathe- centage of GDP, was 21 percent in 1944 billion. Higher rates on the rich in Britain rent compromise. This debate has just matically, the entire increase in projected to subsidize the war effort. Today, tax led to less tax revenues. In response, they begun so get used to it. Our long-term government spending can be attributed receipts equal 15 percent of our economy. are now lowering the millionaire rate! fiscal situation is toxic and entirely a to increases in public health care costs. The long-term tax receipt This situation has also function of Medicare and Medicaid. Today, Now, add to those increases the burden equilibrium rate for occurred in France with the Medicare and Medicaid expenditures ap- of escalating interest expenses and the U.S. is 18.5 percent implementation of their proximate 5 percent of U.S. GDP. Accord- federal government expenditures by 2037 of GDP. Is more than 75 percent millionaire tax. ing to the Congressional Budget Office, become 36 percent of our economy. doubling today’s tax level Millionaires are emigrating public health expenditures will rise to over Therefore, to break even and eliminate possible? in droves, and corporations 10 percent of U.S. GDP by 2037. deficits, the government must increase President Obama are having difficulty recruit- Total federal spending, not including taxes accordingly. The highest tax receipt suggests that increasing David S. Waddell ing top level executives into interest payments, as a percentage of total the government has been able to taxes on the wealthy will the worldly France. The truth is, as Art “put us on a sustainable investor Laffer has taught all of us, fiscal path.” There are millionaires will NOT pay roughly 4 million Americans earnings more in taxes. They have the resources Call for an appointment today! more than $200,000 per year. Their total to relocate, reclassify and reinvent. As taxable income approximates $2 trillion. we discussed last week, the campaign Therefore taxing 100 percent of income in Washington against the top 2 percent 901.685.5008 for the “rich” would produce $2 trillion, or correlates more with reducing our coun- 14 percent of GDP. If we eventually need try’s income inequality than it does with A Patient’s View: to increase taxes by 21 percent of GDP … solving our fiscal problem. “Dr. Castle is a fantastic dentist. that helps a lot. Bottom line: Any discussion about Of course, the rational “rich” will not “fiscal sustainability” that does not begin I never waited to see him longer than a few allow all of their income to be taxed. To and end with Medicare and Medicaid is minutes. He gives great personal attention.” demonstrate, in 2010 the United King- not a discussion about “fiscal sustainabil- dom increased taxes on millionaires ity” … it’s something else. from 40 to 50 percent. Prior to the tax increase, 16,000 Brits filed with more David Waddell, who is regularly fea- than $1 million in income. One year later, tured in the Wall Street Journal, USA Today William N. Castle, D.D.S. post-tax increase, the number dropped to and Forbes, as well as on Fox Business general dentistry 6,000. In 2010, pre-tax increase, British News and CNBC, is president and CEO of 79 n. cooper (in midtown) • memphis, tn 38104 millionaires paid $13 billion in taxes. In Memphis-based Waddell & Associates. www.thememphisnews.com December 14-20, 2012 9 Money&Markets Extra Critics have warned for years that big a worry is it, really? That means oil will spike to something Crude oil will be down for the year. stimulus programs by central banks I think it’s a real concern because crazy like $200 per barrel? around the world will lead to sharply the amount of monetary stimulus and It could be $140 or $150. We have gone How much of a portfolio should Inflation higher inflation. It hasn’t happened yet. fiscal stimulus that we’ve seen is truly through four years of anemic global investors consider putting into hard But Shawn Reynolds says it’s still a unprecedented. It’s not coordinated, but growth, and we’re still sitting here at $90 assets? Insider danger. The Van Eck Global Hard Assets it’s concurrent globally. There’s hardly to $100 oil. Those are really high prices. We kind of look at it as from 5 to 20 per- protection Q&A fund that he runs with Charles Cameron a country, developed or emerging, that That’s what concerns you, because just cent of your portfolio. We see a couple owns stocks of commodity producers, hasn’t eased in some way. a little tick, a little turn of the knob in reasons to own hard assets: One is infla- Title: Co-portfolio manager of the such as oil producers and metals miners. demand, and you could see oil prices tion. We see the fundamentals of supply Van Eck Global Reynolds says these stocks can offer Then why hasn’t inflation taken off? surge. and demand for most commodities Hard Assets fund protection from rising inflation. The fund It’s a very tightly coiled spring. What’s being tight for the next three to 10 years. (GHAAX) ranks in the top 3 percent of all natural missing is that we still have very Why does your fund invest in stocks Commodity prices are going up. But What he resources mutual funds for 10-year sluggish economic growth. It’s waiting of commodity producers, rather than hard assets also offer an insurance policy suggests: returns. It has returned an annualized for some kind of rebound in global the commodities themselves? Why against anomalous risks — geopolitical Inflation could 15.7 percent versus 12.3 percent for the economic growth. I don’t think it has to not buy oil if you think it’s going to risks, wars in the Middle East, hurricanes spike higher, and commodities can category on average, and 6.6 percent for be very much, but when you reach these rise? in the Gulf of Mexico, tsunamis in Japan. help protect the S&P 500. inflection points, that’s when it takes off. It usually doesn’t go straight up. And Prices for hard assets, commodities, all investors What keeps me up at night is that when there’s usually some volatility in there, in benefit from that kind of event. Shawn Reynolds Inflation is at only 2.2 percent, accord- the spring uncoils, it will be way too fast the commodity’s price. Look at this year, ing to the Consumer Price Index. How and too hard. our fund is basically flat for the year. Answers edited for content and clarity. AP Fashion forward BEHIND THE BRAND AMERICAN INTERNATIONAL GROUP (AIG) Michael Kors Holdings took its first strides down next year,” says Wedbush Securities analyst Wall Street one year ago. Corinna Freedman. Shares of the fast-growing clothing and About 80 percent of Michael Kors’ business accessories company went public at $20 and is the sale of accessories. The remainder is surged 21 percent on their firstst day of trading.trading. apparel. Its main competitors are luxury goods Since then the stock has risenn 104 maker Coach and handbag maker Kate Spade, Reformed percent and financial analysts continue wwhichh is owned by Fifth & Pacific. Although clothing to view it as an attractive buy. ccompaniesompan face some risk of missing fashion trends, the Michael Kors has been expand-pand- rriskisk isisn’tn quite as high for accessories. That’s because insurer ing rapidly, opening 66 storess over accessorccessoryy trends don’t change as often, the last year. Net income morere tthanhan FFreedmanreedma says. American International Group appear to be turning around. tripled in the quarter ended inn Despite all its success, Freed- received the biggest government AIG is back in the black this year, bailout package during the 2008 and now the Treasury Department September, climbing to $97.88 maman says it’s not too late for financial crisis. has sold off its remaining shares in million, up from $31.6 million in thethe ininvestorsv to jump in. “You’re But after undergoing significant the company, closing the books on same quarter last year. Michaelael ppayinga for significant outperfor- restructuring, cutting its size nearly its $182 billion bailout. Kors has regularly mance,”m says Freedman, who has in half, the insurer’s fortunes That bailout helped keep AIG exceeded Wall Street’s a $65 price target. “It’s growing at from collapsing at the height of the expectations. a rate of 3 to 4 times the rest of Thursday’s close: $34.24 financial crisis under the weight of “We see that continuing theth sector.” massive losses from financial Price-earnings ratio: 2 instruments whose value was MICHAEL KORS (KORS) Seeing double: Michael Kors 2012 revenue by regions (based on last 12 mos.) based on mortgage securities. stock is up 104 percent since its IPO. (Includes retail, wholesale and 52-week price range In the four years since its Thursday’s close: $49.31 licensing) bailout, AIG has focused on its core $60 1% Japan $22 $38 52-WEEK RANGE insurance operations. 2012 Europe $24 59 8% YTD stock change: 48% Through the first nine months of this year, the company earned 50 YTD S&P 500 change: 13% Revenue* 2012 $1.3 billion $7.4 billion, reversing a loss of 2013 est. $2 billion Market value: $52 billion $857 million during the same Net income* 2012 $147 million 2011 revenue: $65 billion period last year. 40 North America In the end, the government 2013 est. $310 million Dec. 13 Avg. broker rating: received $22.7 billion from its (next 12 months) 91% P/E ratio 26 $49.31 SELL HOLD BUY investment in AIG. Other AIG 30 Avg. broker rating (11 analysts) IPO closing price, shareholders also have reason to cheer. The company’s shares are SELL HOLD BUY Dec. 15 $24.20 No. of retail stores = 269^ up about 48 percent this year. 20 Source: FactSet *fiscal year ends in March ^as of Sept. 29, 2012 Alex Veiga, Jenni Sohn • AP Source: FactSet Data through Dec. 12 Alex Veiga, Jenni Sohn • AP

LocalStocks 52-WK RANGE CLOSE YTD% 1YR% 52-WK RANGE CLOSE YTD% 1YR% COMPANY TICKER LO HI CLOSE THUR. %CHG WK MO QTR CHG RTN P/E DIV COMPANY TICKER LO HI THUR. CHG %CHG WK MO QTR CHG RTN P/E DIV AT&T Inc T 28.51 6 38.58 34.32 -.17 -0.5 s s t +13.5 +25.0 45 1.80f Medtronic Inc MDT 34.98 8 44.79 42.19 -.18 -0.4 t s t +10.3 +23.1 12 1.04 r t t AutoZone Inc AZO 313.11 6 399.10 359.32 +1.76 +0.5 +10.6 +8.1 15 ... Merck & Co MRK 34.86 7 48.00 43.95 -.88 -2.0 t s t +16.6 +32.6 20 1.72f 7 s s t BancorpSouth BXS 9.96 15.69 13.64 -.11 -0.8 +23.8 +33.6 16 0.04 Mid Amer Apartments MAA 56.01 5 70.22 63.05 -.21 -0.3 s s t +0.8 +16.5 27 2.78f Boyd Gaming BYD 4.75 3 9.75 5.87 +.06 +1.0 s s t -21.3 -4.0 dd ... Monsanto Co MON 67.09 9 93.00 89.50 -.25 -0.3 t s t +27.7 +31.8 24 1.50 Buckeye Technology BKI 23.52 3 38.50 27.66 -.19 -0.7 s s t -17.3 -8.5 15 0.36f Mueller Inds MLI 36.60 8 51.41 46.98 -.19 -0.4 t s s +22.3 +24.3 23 0.50f Community Hlth Sys CYH 15.97 9 32.70 29.61 -.01 ... s s s +69.7 +71.4 11 0.25e 2 s s s Corrections Corp CXW 20.16 0 36.54 35.06 -.41 -1.2 t s s +72.1 +65.8 23 0.80 Navistar Intl NAV 18.17 48.18 21.88 -.49 -2.2 -42.2 -41.0 dd ... t s s Cummins Inc CMI 82.20 5 129.51 105.48 -.40 -0.4 s s s +19.8 +16.6 11 2.00 Nike Inc B NKE 85.10 5 114.81 97.33 -1.87 -1.9 +1.0 +3.7 21 1.68f Delta Air Lines DAL 7.83 8 12.25 11.29 +.57 +5.3 s s s +39.6 +26.1 5 ... Pinnacle Entert PNK 8.89 9 13.45 12.64 +.23 +1.9 t s s +24.4 +30.8 23 ... t s s Dillards Inc DDS 42.54 9 89.98 82.90 -.92 -1.1 +84.7 +89.9 13 0.20a Regions Fncl RF 3.79 8 7.73 6.73 -.05 -0.7 s s t +56.5 +70.8 12 0.04 9 s s s Dover Corp DOV 50.27 67.20 64.09 -.08 -0.1 +10.4 +17.3 13 1.40 Renasant Corp RNST 13.89 7 20.45 18.05 -.13 -0.7 s s t +20.3 +31.7 18 0.68 DuPont DD 41.67 2 57.50 43.98 -.32 -0.7 s s t -3.9 +4.8 13 1.72 Smith & Nephew PLC SNN 44.16 9 56.32 53.94 -.73 -1.3 s s t +12.0 +22.0 79 1.04e Education Realty Tr EDR 9.10 5 11.81 10.27 -.05 -0.5 t s t +0.4 +15.6 0.40 Smucker, JM SJM 70.50 9 89.39 87.34 -.49 -0.6 t s s +11.7 +17.5 20 2.08 FedEx Corp FDX 76.95 7 97.19 89.71 ...... s s s +7.4 +10.6 14 0.56 8 s s t Fst Horizon Natl FHN 7.16 7 10.99 9.50 -.04 -0.4 s s t +18.8 +26.0 dd 0.04 Suntrust Bks STI 15.79 30.79 27.20 -.57 -2.1 +53.7 +66.1 8 0.20 s s s Freds Inc FRED 12.79 1 15.98 12.96 -.05 -0.4 t t t -11.1 -4.3 14 0.24a Synovus Fincl SNV 1.28 9 2.60 2.44 -.02 -0.8 +73.0 +85.9 dd 0.04 GTx Inc GTXI 2.50 5 6.55 4.24 -.18 -4.1 s s t +26.2 +60.1 dd ... Sysco Corp SYY 27.05 0 32.09 31.88 -.16 -0.5 s s s +8.7 +13.3 17 1.12f t s s Ingram Micro IM 14.42 5 19.80 16.58 -.09 -0.5 -8.9 -4.7 8 ... Trustmark TRMK 20.76 3 26.35 22.29 -.14 -0.6 t s t -8.2 +3.0 13 0.92 0 s s s Intl Paper IP 26.98 38.42 37.64 +.26 +0.7 +27.2 +38.4 19 1.20a Tyson Foods TSN 14.07 8 21.06 19.60 -.11 -0.6 t s s -5.0 -0.6 12 0.20f Isle Capri Casino ISLE 4.21 3 7.92 5.16 -.05 -1.0 s t t +10.5 +16.8 dd ... UPS class B UPS 69.56 4 81.79 73.35 -.08 -0.1 s s s +0.2 +5.4 19 2.28 Kellogg Co K 46.33 0 57.21 56.75 +.15 +0.3 s s s +12.2 +18.8 17 1.76 Utd Technologies UTX 70.71 6 87.50 80.37 -.63 -0.8 t s s +10.0 +11.5 14 2.14 Kirklands Inc KIRK 8.26 2 17.42 9.25 +.09 +1.0 s s t -30.5 -23.6 12 ... 9 s s s Kroger Co KR 20.98 9 27.11 26.35 -.24 -0.9 t s s +8.8 +13.2 22 0.60f Valero Energy VLO 19.12 34.36 32.60 -.19 -0.6 +54.9 +61.5 9 0.70 t t t LifePoint Hosp LPNT 34.32 3 43.87 36.37 -.06 -0.2 t s t -2.1 +0.4 12 ... Verso Paper Corp VRS 0.85 1 3.36 1.03 ...... +7.3 -20.2 dd ... Macy’s Inc M 30.42 7 42.17 38.22 -.64 -1.6 t t s +18.8 +22.6 12 0.80 Wright Medical Grp WMGI 14.38 8 22.59 20.59 -.12 -0.6 s s t +24.8 +37.4 cc ...

Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent dividend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. 10 December 14-20, 2012 www.thememphisnews.com

Your Career Is ARTS A Wise Investment Ray’s Take Taking Stage The days of lifetime employment until retire- ment are gone for good – just like that traditional gold watch. Today, companies merge and splinter ANDY MEEK | The Memphis News or boom and bust constantly. It’s no longer enough to be well prepared at the start of your career with a good education, you have to keep up your skills to remain valuable. Tennessee Shakespeare Co. leading ‘a wonderful life’ Just like with your financial plan, you should have long-term goals for your career. Decide where you want to be in five, 10 and 15 years. Put it in writing. Then determine what you need to do to achieve that goal. You may need to pursue an advanced degree, or get special certi- ray & dana Brandon rays of wisdom fication. You can seek out professional seminars to gain updated information and learn new skills. At the very least read indus- try publications and books that can advance your knowledge – and your career. Keep in mind the skills needed for almost every job constantly evolve, so even if your career plans are not ambitious you still need to enhance your desirability as an employee. Droves of fresh college graduates hunger for jobs just like yours. Their health care and retirement benefits costs are much lower than yours. You need to always be able to bring more value to your company – or another one – than they can. To heighten your ability to land a new job when Photo Courtesy of Joey Miller you need to, keep yourself visible. Don’t just join Amelia Hammond plays Mary Hatch and Trevor Pittinger plays George Bailey in Tennessee Shakespeare Co.’s pro- professional organizations, become active in them. duction of “It’s a Wonderful Life: A Live Radio Play,” directed by Stephanie Shine. Not only will this broaden your sphere of influence, you will also have the chance to impress potential he latest production from Starting in 2006, he began Farms Park, “Southern Yuletide” and future employers with your abilities. Good manag- Tennessee Shakespeare Co. is sketching out in his head what “The Glass Menagerie” at the Dixon, ers keep a “bench” of qualified potential employees Ta stage version of one of the Tennessee Shakespeare Co. would schools tours of “Romeo and Juliet” who may one day become available. You need to do silver screen’s most beloved moral- eventually become while at his and “The Rebel Shakespeare and the same with potential employers. ity tales – the one about an angel on then-home in Massachusetts. Mc- His Women” and the Third Annual Your career probably is the single most valuable a mission, the magic of Christmas Cleary was born and raised here, but Valentine's Gala featuring Broadway economic asset you have. Invest in it and you can and the futility of worrying over what he moved away to act, direct and composer Charles Strouse at Ger- see returns that far outweigh any other financial might have been. produce. A catalyst for his plans was mantown Performing Arts Centre. investment you could ever make. The professional classical theater wanting to see more professional “We produce live classical the- company is staging an adapted classical theater in his hometown. ater in environmental settings all Dana’s Take version of the Frank Capra clas- “I was about to turn 40 and over Memphis and outside Mem- Consider your social network presence part of sic “It’s a Wonderful Life,” running thought I knew just enough to do phis,” McCleary said. “Our educa- your resume – whether you are seeking a job or not. through Dec. 16 at the Dixon Gallery this and not enough not to do it,” he tional programming has reached When your blog or Facebook posts reflect your & Garden’s Winegardner Auditorium. said. “We embarked on this six years over 100,000 students. The Dixon has professionalism and ability, that’s great. However, if This new version comes to life in the ago, and it’s already grown well past been a longtime partner. They have you tend toward political rants or crude comments, form of a 1946 radio play directed its seven-year strategic plan in a very been very welcoming and great with it can turn out to be quite detrimental. by Stephanie Shine, with the Dixon short period of time.” us. (“It’s A Wonderful Life”) will be What you put on the Internet is open to anyone auditorium transformed into an It has evolved into an entity our fourth production at the Dixon. else who connects. That includes employers, as- old-fashioned remote radio station that performs the plays of William Along with our performances at Ger- Shakespeare outdoors and indoors; mantown, at City Hall, Shelby Farms, sociates, potential employers, and headhunters. You bandstand. All the dialogue and characters provides year-round educational the Dixon has really helped us get on may think, “No one knows about my blog.” However, from the film are employed by a and training programming and will the map.” all it might take is a simple Google of your name to company of seven actors for the perform classical and Southern writ- In addition to its 19-member reveal your blog, Facebook page, Twitter account production, which is sponsored by ers seasonally indoors. board, the company is supported and more. FedEx Corp. To go along with the In addition to Frank Bluestein, by its 50-member “Groundlings” On top of that, anything you’ve put up may have more famous characters and ele- McCleary was joined by the City of volunteer organization, founded and been shared or linked to multiple times, creating a ments of the story, like Bedford Falls’ Germantown, the Rev. Gary Sturni of led by president Donna Ladd. web of your presence. down-on-his-luck George Bailey, St. George's Episcopal Church and For the performance over the It might not matter. It could be beneficial. It the Scrooge-like Mr. Potter and Barbara Apperson in making the next several days of the classic could put a stop to a possible job offer. Look at your Clarence the angel, period holiday preparation year possible. Tennessee Christmas story, each member of the social media posts like an employer would. What do decorations will help audiences con- Shakespeare Co. was incorporated in company of actors plays a radio per- you see? nect with the story. There also are February 2008 with a founding board sonality who, in turn, plays multiple Ray Brandon is a certified financial planner and commercial jingles and hand-made of directors. characters in “It's A Wonderful Life.” CEO of Brandon Financial Planning (www.brandon- sound effects to enliven the “radio The 2011-2012 season was “We’d been hoping to do ‘It’s planning.com). His wife, Dana, has a bachelor’s de- play” element of the production. record-setting for the company A Wonderful Life’ for a couple of gree in finance and is a licensed clinical social worker. The Tennessee Shakespeare in terms of things like numbers of years,” McCleary said. “Why we were Contact Ray Brandon at raybrandon@brandonplan- Co., meanwhile, shares a thematic productions, performances, educa- able to do it is FedEx made it pos- ning.com. tie with the play. To founder and tional offerings, co-productions and sible. They’re our title sponsors. It’s producing artistic director Dan Mc- box office. It featured “Macbeth” and a very period, fun piece with lots of Cleary, it’s a wonderful life, indeed. “The Tempest” outdoors at Shelby jingles in it people might remember.” www.thememphisnews.com December 14-20, 2012 11

education real estate & development Haslam Mulls School Commercial Advisors Turns 20, Vouchers for State Expands Office

BILL DRIES | The Memphis News sarah baker | The Memphis News

rian Day School. Governor still to decide if he’ll push for The Memphis Catholic Schools ushman & Wakefield/Commercial Advisors vouchers next year on Capitol Hill system includes Jubilee Schools LLC celebrates 20 years of serving clients in in parts of the city with the high- Cthe Memphis community this year and has ennessee Gov. Bill Haslam “The reality of your students’ est poverty rates and with students recently expanded its East Memphis office. may or may not push directly lives is they come to school every day whose parents ordinarily couldn’t pay Founded by Larry Jensen and Wyatt Aiken Tfor some kind of move to with a whole boatload of problems,” tuition. They attend with help from in 1992, the business has grown to 18 brokerage school vouchers next year on Capital Haslam said. “While you’re up trying private donors. professionals with 48 total employees providing Hill. But there will almost certainly be to teach algebra or history or what- During her tenure as superin- real estate services to clients locally, regionally and legislation to that effect, possibly with ever, there are a whole lot of other tendent of Catholic Schools, which globally. State Sen. Brian Kelsey of German- things going on. There are people that included the opening of the Jubilee “Our growth has been based on a team concept town leading an effort he has made in say you can’t fix education until you schools, Mary McDonald repeatedly and building an environment for personal growth, several previous legislative sessions. fix poverty.” defined the school system as one collaboration, and service to our clients and com- And Haslam has no intention of Several people in the group said that was not private in its approach munity,” Jensen said in a statement. “Twenty years backing away from what has been they had been overwhelmed by those or philosophy. It was a year ago this has flown by, and I am so proud to be associated an aggressive political model for kinds of problems. month that Haslam formed his task with people who care and exercise that belief daily.” continuing to shake up long-held “I feel like that’s a defeatist at- force on vouchers, which are being Commercial Advisors was formed to assist, boundaries and assumptions about titude,” he said. “We’ve been working called “opportunity scholarships.” advise and support corporations, families, and public education at the state level. on poverty for a long time. I think The group’s report to Haslam, re- institutions in the area of operational facilities and It has been two years since if we’ll work on education with that leased Nov. 29, the day before his trip real estate needs. As the company began to grow, Haslam took office and sponsored same diligence and not ignore the to Memphis, mentions the possibility it created complementary service lines to its core legislation removing any cap on the poverty then I think we can make a of permitting public as well as private business. number of charter schools in Ten- real difference.” schools to take voucher or scholar- In 2002, Commercial Advisors’ asset manage- nessee. The state run Achievement The changes to public education ship students across public school ment division, Commercial Advisors Asset Services, School District is about halfway at the state level are most evident district lines or outside a student’s at- was formed by Weston real estate veterans Mark through its first school year of opera- in Memphis, which already has the tendance zone or assignment within Jenkins and Dan Wahl and is now led by principal tion. And later this month the special most charter schools in the state and a district. Kemp Conrad. This division has since grown to school district for schools in the whose schools compromise both the The group, which included Kelsey lease and/or manage a portfolio of more than 23 bottom 5 percent statewide in terms majority of the state’s bottom five per- as well as McDonald, who is now a million square feet. of student performance will name 10 cent in student performance and all national education consultant, also Commercial Advisors has expanded this year to more Memphis schools it will take but two of the eight schools currently recommended that private schools include capital markets, debt and equity, and devel- over in August. in the Achievement School District. should be required to accept the opment services, as well as farmland and recre- Haslam met with about 40 lead- Memphis has the most private scholarship or voucher as payment in ational property advisory and sales. Capital Markets ers and participants of the Memphis schools in the state, and increasingly full for tuition – no option to charge is led by principal Shane Soefker, a Memphis native Teacher Residency program last week those private schools are blurring additional tuition. The group did not and former senior managing director of Cushman & at Union Avenue Baptist Church. the boundary between public and make a recommendation on whether Wakefield’s South Florida offices. One topic of discussion was private education with cross training the state funding backing the vouch- In 2010, the firm moved into 6,863 square feet whether it is necessary to first fix the of public and private school teachers ers should be the state share of its at Clark Centre, 5101 Wheelis Drive, and quickly problems of poverty that children in the county as well as the region Better Education Program funding started to outgrow its new space. From 2011 to 2012, often bring to school or whether edu- developed and hosted by The Martin along with the required local funding the firm added 11 employees, a combined growth of cation reform can occur concurrently. Institute on the campus of Presbyte- match or just the state share. nearly 30 percent.

The Gift for Those Who Have Everything – a Donation

What do you give someone who fundraiser for her sorority. Maybe she with the right nonprofit to match with each ing, communicating that you have made a has everything? serves on the board of the YMCA. Per- “person who has everything” on your list. gift in their honor. This is important to do It’s the holiday season, time for us haps she is on the advisory council for an If you don’t know which organization when giving to small, local or grassroots to reach out to those we know, love and industry-wide job training your family members or organizations. Larger organizations often respect offering gifts as a token of our center. Does she read to friends are committed have such processes already in place. You feelings. Some of us get creative, finding children as part of a local to think about what you can typically find the information on their the perfect gift. Others of us struggle, un- literacy program? Serve know of their interests “donate” Web page. certain as to what would be the right gift. as a soccer coach? and passions. Are they Giving to a nonprofit in honor of Some of us are fortunate enough to have What about the hard- artists or art connois- someone you love or respect has multiple the challenge of finding the right gift for to-please men on your seurs, outdoors enthu- benefits. You show you are aware of what’s the person who has everything. list? Do they volunteer MEL & Pearl shaw siasts, athletes, theater important to your family member or col- If you are in one of the latter two as mentors? Advocate FUNdraising buffs? There is a non- league. groups, don’t worry: we have the answer. for marriage equality? profit for everyone. You are contributing to a cause that will Give to a nonprofit organization. Not just Volunteer as a driver for meals on wheels? When you honor someone with a gift to continue beyond the holiday season. You any nonprofit, but one that you know your Coach football, basketball or soccer? Are a nonprofit we recommend you take steps can give again for the person’s birthday. friend, family member or colleague be- they proud of their alma mater? Com- to make sure that your wishes are fulfilled. You can stay out of the mall, and wait until lieves in. If you’ve been listening through- mitted to their church, mosque or syna- Here are our recommendations. Call the the last minute to “shop.” out the year you may have heard her talk gogue? Maybe there’s a man in your life nonprofit and ask if they have a program about the American Cancer Society, her who gives his time to saving the snow tiger for accepting “honorary” gifts. Ask what Mel and Pearl Shaw are the authors of serving as a mentor for Big Brothers Big in India, or the marshlands of the Gulf. you need to do in order to ensure a note or “The Fundraisers Guide to Soliciting Gifts” Sisters, or volunteering at a scholarship Your reflections will help you come up card is sent to the person you are honor- now available at Amazon.com. 12 December 14-20, 2012 www.thememphisnews.com

sports

BASKETBALL Louisville Game Opportunity To Widen Margin for Error

DON WADE | Special to The Memphis News

Tigers seek signature win over ranked team before heading into Conference USA schedule

here are several ways to measure For all the history – from Adonis Thomas said. Hey, if it didn’t start that way, it prob- the magnitude of a college basket- Freedom Hall to the Mid- “I understand what this game means ably should have. But for all the history ball game. First, will the outcome to Tiger Nation,” Coach Josh Pastner said. – from Freedom Hall to the Mid-South T South Coliseum to the echo through the rest of the season and To be sure, there are layers of under- Coliseum to the FedExForum – Saturday resonate with the NCAA Tournament FedExForum – Saturday is standing here. The bad blood is real and is about the Tigers’ immediate future. Committee come March? about the Tigers’ immediate for every great moment to be remem- They catch a literally large break Check. The Saturday, Dec. 15, game future. They catch a bered and relished there are not-so- in that Louisville’s Gorgui Dieng has a at FedExForum between No. 6 Louisville literally large break in that pleasant memories – Fred Horton and broken wrist and is not expected to play. and the Memphis Tigers will have much the chair, Darius Washington and the free Dieng, a 6-11, 245-pound center from bearing on the rest of the Tigers’ season. Louisville’s Gorgui Dieng throws. Senegal, scored 14 points with 14 re- Next, is there history behind the has a broken wrist and is So when the Tigers’ D.J. Stephens was bounds and six blocks in the Cardinals’ game? Does it matter to fans at a base not expected to play. asked what he knew about the rivalry, his 95-87 victory over the Tigers in Louisville level? Are there stories to be told and answer seemed fitting. last year. embellished? Is it a real rivalry? “I’m not sure if it’s accurate or not,” But even without Dieng, who has Check, check, check and check. Stephens said, “but I found out the other missed four games – including Louisville’s “Everywhere we go now it’s about day it started with a bar fight between a lone loss, 76-71 to Duke in the Bahamas Louisville – ‘Beat Louisville,’” the Tigers’ Louisville fan and a Memphis fan.” – the Cardinals are the country’s third-

Local Students Give Back With Literacy Program

A lot of people have good couraging part of the campaign,” said now playing college soccer who initially ideas that could change the world, or at the elder Wilfong. “That somebody like struggled with English as a second a little piece of it. But often those ideas that, that they knew and respected, language. never quite turn into action. would support them. And then to have When John Wilfong realized a foot- Two Memphis University School Pastner and Kevin Stallings (head coach ball player from another local school seniors – basketball player Jonathan THE PRESS BOX at Vanderbilt) be immediately willing to who is headed to the SEC couldn’t read, Wilfong and football player and wres- DON WADE participate.” the family stepped in to “catch him up,” tler Andrew Renshaw – had just such a For Pastner, it was an easy decision. Jonathan said. good idea. on the ACT, notes that their friends at “If you can learn to read and be And Jonathan’s mother mentored Inspired by “Caddy for a Cure,” in MUS all thought their idea was “cool,” educated, it can change generations in a teenage girl from a Memphis housing which an individual makes a donation to but also said: “That’s a lot of work.” a family,” the coach said. “I commend project; she now has a college degree a charity and in turn gets to caddy for a A couple of months ago, Wilfong and these two young men for doing what and owns her own home. PGA golfer, they created “Coaching for Renshaw had their own doubts about they’re doing.” “If you get a kid a college educa- Literacy – The Assistant Coach Pro- turning their idea into reality. Harvard coach Tommy Amaker and tion, you can escape any background,” gram for Promoting Literacy.” “We weren’t as excited early on Pastner will both participate when those Jonathan Wilfong said. A donation, such as the $2,500 because we weren’t sure we could pull it two schools meet on Jan. 19 at FedEx- Want to help make dream come true one made for the Saturday, Dec. 15, off,” Wilfong admitted. Forum. and have a game day experience with Louisville-Memphis game at FedExFo- His father, John Wilfong, a former University of Virginia coach Tony a coach? Then contact “Coaching for rum, earns a fan and his or her guest a University of Memphis basketball Bennett has agreed to do a game and Literacy” through the WiseHeart Foun- behind-the-scenes gameday experience player, recalls a day several weeks ago John Wilfong says they’re close to get- dation’s website, wiseheartfoundation. with a coach and tickets behind the when he and AutoZone CEO Bill Rhodes ting Kentucky’s John Calipari. Duke is org, or reach out on Twitter @Coaching- bench. were in the MUS gym on a Saturday. a longer shot, but there also have been forLit. In this case, the Tigers’ bench and Rhodes’ son Charlie, a seventh grader, discussions with the New York Knicks time with coach Josh Pastner. More was working out. So was Jonathan. The about a game in the spring. They also Don Wade’s column appears weekly important, the money goes toward the “Coaching for Literacy” project came hope to work something out with the in The Daily News and The Memphis goal of raising $50,000 to help 25 to 50 up. Rhodes was so impressed with the Grizzlies. News. He and Jon Albright host the Jon & motivated but underprivileged youth idea and the effort he pledged financial Renshaw and Jonathan Wilfong have Don Show on Sports 56 AM and 87.7 FM improve their reading to grade level. support. seen the value of reading up close and from 6 p.m. to 7 p.m. Tuesdays through Renshaw, who scored a perfect 36 “That was probably the most en- personal. Renshaw has foster brothers Thursdays. www.thememphisnews.com December 14-20, 2012 13

sports

most efficient defensive team behind selfishness and love of defense, Pastner Syracuse and Florida and they give up also said Johnson is learning on the fly. just 53.1 points per game – fourth-best “He’s now understanding the im- in the nation. Memphis, meanwhile, portance of hitting singles, as I like to allows 64.6 points per game – 132nd in say,” Pastner said. “At times he can try to the nation, and ranks 90th in defensive make the home run play and cause us a efficiency. turnover.” The Cardinals are 36th in scoring (77 If the Tigers match the 22 turnovers points per game) and the Tigers are 54th they had in their romp over Austin (74.8 points per game). Peay, they will lose by double digits to With Dieng out, the Tigers figure Louisville. to have a size advantage inside if Shaq And that would be a defeat difficult Goodwin continues to play like the to overcome. Conference USA Freshman of the Week Conference USA isn’t just a punch he was in victories over Ohio and Austin line to local media, but to national me- Peay and if Tarik Black brings his full dia, too. This is the best opportunity to focus and intensity to the competition. grab a marquee win. Louisville is still strong in its back- “The league’s not going to get any re- court with Peyton Siva (10.9 points and spect,” Pastner admitted. “It’s a big game 5.7 assists per game) and the dynamic for the simple fact your margin for error Russ Smith (20.3 points). Coach Rick is basically none.” Pitino has dubbed him “Russdiculous” Just like in a bar fight. because it captures the best and worst of his play. “There are still people out there (who AP Photo: Timothy D. Easley think), ‘Russ is wild,’” Smith told the Louisville Courier-Journal this week. Adonis Thomas and the Memphis Tigers Memphis guards can relate. That’s hope to avenge last season’s 95-87 loss at Louisville when the two meet at Joe Jackson at his best and worst. In FedExForum. Memphis also is looking for some ways, it’s also Geron Johnson. a win over a ranked opponent, perhaps While praising Johnson’s intensity, un- giving it a signature win for the season. 14 December 14-20, 2012 www.thememphisnews.com

COVER STORy High-Stakes Game IP deal underscores incentive measures cities take to attract, retain companies

Story by ANDY MEEK

t week’s end, Interna- board to approve those incentives. than Downtown Memphis. Tax and related business incentives long have When asked about the status of Pinnacle tional Paper Co. ap- been regarded as the cost of doing business by Airlines Corp. potentially moving its headquar- economic development professionals here and ters out of Memphis, Paul Morris, president of the peared ready to move elsewhere. That’s because of the scramble among Downtown Memphis Commission, said it’s – no cities, counties and states pun intended – still “up in forward with officially to look the most attractive the air.” when corporations dangle Thanks to a mix of applying for a pack- the prospect of new jobs. incentives offered to the Government and eco- company, Pinnacle moved a Aage of tax incentives as part of a plan to nomic development lead- year or so ago into 170,000 ers tell themselves if they square feet on 13 floors at expand the company’s headquarters in the don’t put enough money One Commerce Square. on the table, someone else But Pinnacle hired the real city. will. estate consulting firm Jones Not that it’s much of a surprise, because, the Ritz’s comments, If Pinnacle did leave, the Lang LaSalle last spring to Memphis-based paper and packaging giant’s in- though, are one hint that city would still be better research alternative head- tentions already have attracted plenty of attention. while the dynamic might quarters locations and what In return for keeping its headquarters in Mem- not be changing, the con- off having made possible incentives might be avail- phis and expanding here instead of somewhere versation is. the redevelopment of One able. else, IP early in the process floated the possibility There’s a reason some Commerce Square, which So if the company does of seeking a 30-year tax break. That’s double the economists have turned to has attracted not only end up moving, was it a bad maximum of 15 years’ worth of taxes the Memphis- game theory to analyze the “ investment? Not at all, Mor- Pinnacle's headquarters, Shelby County Economic Development Growth incentives that surround ris said. Engine board is allowed to freeze. economic development but also several other good “If Pinnacle did leave, Word of just the possibility alone garnered efforts around the country. businesses including the the city would still be better pushback. It stoked concern over how far local What once may have been headquarters of the Great off having made possible the economic development officials are willing to go to regarded as a straightfor- American Steamboat Co. redevelopment of One Com- win or retain the presence of major corporations, ward investment into the and the Memphis offices of merce Square, which has especially as other cities try to lure them away. creation or retention of attracted not only Pinnacle's “There’s been overwhelming support from jobs now is a zero-sum Electrolux.” headquarters, but also sev- the community to stand our ground on this,” said game that looks more like – Paul Morris eral other good businesses Shelby County Commissioner Mike Ritz. “It’s been an insurance transaction President, Downtown Memphis Commission including the headquar- unbelievable. We get emails on this all the time. and has the trappings of a ters of the Great American I think most people feel 15 years is as far as we round of blackjack. Steamboat Co. and the ought to go. I’m pretty certain that what IP doing As with insurance, governments aren’t buying a Memphis offices of Electrolux,” Morris said. “In- now is working out asking for a (payment-in-lieu- guaranteed outcome when they award tax incen- dependent Bank put its logo atop One Commerce of-taxes, or PILOT incentive) that the EDGE board tives. The company awash with those incentives Square, enhancing the Memphis skyline. Before can handle without it going to the City Council or today is the company that’s loading up the prover- the city acted, One Commerce Square was owned County Commission. bial station wagon for greener pastures tomorrow. by an out-of-town bank after foreclosure and the “I do know they’ve quit talking to county com- Nor do the governments vying for a company’s building was quickly emptying of tenants. We were missioners trying to see if there’s a crack in our jobs always have perfect visibility into who they’re at risk of having another major building in our veneer,” he said. “For a while, they were trying to competing against or how much their competitors skyline go dark. gather votes to see if they could get 30 years out of have anted up. Only some of the cards, as it were, “Now, because the city acted, One Commerce the commission.” have been revealed. Square is a premier office tower that helps attract A government source told The Daily News in For an example of how economic development businesses to Memphis and can be a source of recent days International Paper will move forward in hindsight can sometimes be viewed similar to pride in our skyline. Pinnacle helped make that with seeking 15-year tax freezes on several of its the way a person views insurance – as a hedge possible. Downtown is already better off having buildings. Still to come was a meeting by the EDGE against undesirable outcomes – look no further had them here over the past year.” www.thememphisnews.com December 14-20, 2012 15

That’s a kind of outcome Reid Dulberger, the EDGE president, may have had in mind a couple of weeks ago during a Memphis City Council special committee meeting on incentives. During the two hour discussion, Dulberger stressed the process is not as simple as approving a certain amount of incentives in exchange for a certain amount of jobs, then clawing that back if conditions aren’t met. “The program is complex – like a jigsaw puz- zle,” Dulberger said. “You change one thing, and others start to change. It doesn’t mean things can’t change. It just means we should identify the things we’re interested in.” Dexter Muller, senior vice president for com- munity development with the Greater Memphis Chamber, said he recently met with a group of commercial property owners. They told him what makes them relocate to a given space is a situa- tion like this – if they’ve got a need for half million square feet of space, for example, and they’re cur- rently in 250,000 square feet. Notwithstanding talk of incentives, they’ve got to move anyway. The secret sauce of a strong economic development program is a pro-business attitude and a comfort with constantly re-evalu- ating the program’s benefits and objectives, said Jim Flanagan, president and CEO of the DeSoto Economic Development Council. “The elected officials here hold a very strong pro-business attitude and continue to look for ways to induce companies to locate and expand here,” Flanagan said. “And we see that continuing. Activity is obviously still quite good with the num- ber of companies that are pursuing site selection, locations and considering expansions. We’ve seen continued recognition in the real estate commu- nity and among site selection consultants DeSoto County’s viability is an option as they explore within the Memphis region, and we’ve seen that increase.” It’s something to keep in mind as IP even now is expected to increase its presence here, including construction of a new build-to-suit building. But as far as the details go, IP has been reticent, not talking about its plans or competing offers from other cities that may be in hand. “We can say that this is a necessary and im- portant step as we plan for International Paper’s future,” reads part of a brief statement from the company. In an email to Shelby County Mayor Mark Lut- trell last month, Ritz left the impression that letting an application from IP for a 30-year tax freeze go forward would potentially embarrass local officials. What’s more, he said it would open the floodgates to similar requests by other corporations with a presence here in a way the area could not afford. Ritz is a non-voting member of the EDGE, board, which grants tax incentives to companies looking to expand here, retain jobs here or move here from elsewhere. “This proposal will embarrass EDGE, both of the elected bodies and IP with the public discus- sion and a probable public body denial,” Ritz wrote. “I do not want IP or their employees getting the impression we don’t like or appreciate them. I am asking you not to put us in that position. “If this IP proposal is approved, there is no de-

nying a similar proposal from FedEx or AutoZone Memphis News File Photo: Lance Murphey for similar treatment for all of their Shelby County Incentives brought Pinnacle Airlines to One Commerce Square, but now the company is considering leaving town. real property,” he said. “We cannot afford to go there.” He went on to say that he should not be viewed the formula, is appropriate for a new IP building,” could not get it done …I am very confident that as asking EDGE to deny such a PILOT – rather, that Ritz wrote to Luttrell. “EDGE can do that without IP was encouraged to make this proposal by some it not be proposed in the first place. council and commission approval. If you commit- who work regularly with the EDGE program. They “A 15-year PILOT, or whatever term is earned by ted to IP your support, then tell them asap that you need to get the NO message too.” 16 December 14-20, 2012 www.thememphisnews.com

special coverage

special emphasis: REGIONAL BUSINESS METRO CONNECTION Work continues on I-269, linking regional communities

MICHAEL WADDELL | Special to The Memphis News

he Interstate 269 bypass loop is moving closer to completion as work continues on sections running through Collierville, Fayette County and into Mis- sissippi. Preliminary dirt work is under way to connect Tenn. 385 near the Collierville/Fayette County bor- derT to the Mississippi state line, and an eight-mile portion spanning from Poplar Avenue north to Macon Road will be complete by the end of next year. City and county officials expect that once it is com-

Photos: Lance Murphey A crew from Delta Contracting Co. works on extending Interstate 269 between Tenn. 385 and U.S. 72 at Progress and Shelby Drive. The road will circle the metro area.

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triumphbank.com • (901) 333-8800 • Memphis • Germantown • Collierville • Arlington www.thememphisnews.com December 14-20, 2012 17

special coverage

pleted in the next five years the new uses are likely to be more limited through 60-mile loop around the metro will ease that stretch of land due to environmen- traffic congestion and alleviate air quality tally sensitive areas that include aquifer concerns. recharge zones, wide flood plains and “In my view, it’s better for the move- wetlands. ment of freight, better for air quality, and it “We want to limit industrial uses in the will help reduce congestion on Interstate northern segment and protect the eastern 240,” said Dexter Muller, senior vice presi- segment from sprawl and development,” dent of community development at the he said. “There’s a great opportunity, but Greater Memphis Chamber. “We will see there needs to be some caution in plan- the full benefits when the whole system is ning and that is what is happening now.” completed. The Metropolitan Planning Organiza- “When the loop gets all the way back tion and the Memphis-Shelby County over to I-55 is when we will see some real Office of Sustainability are currently benefits in terms of freight movement and conducting studies of the I-269 corridor in reduction of congestion on Interstate 240.” order to help better plan future develop- Interstate 69 will eventually run from ment through the area. Mexico to Canada, and about 40 percent of Mississippi officials hope to have their A warehouse for Exact Commerce Group sits at 851 Progress Road in Collierville, next all of the manufacturing in the U.S. takes to another warehouse under construction. The site is near the Interstate 269 con- state’s portion of the loop completed in the place in its corridor. I-269 will loop east struction, an outer loop highway connecting communities in the region. next five to six years. around metropolitan Memphis from Mil- lington to I-55 in Mississippi, with roughly 35 miles in Tennessee and 25 miles in Mississippi. Muller believes careful planning could pave the way for more industrial property along the corridor. “We really are just about out of indus- trial land in Shelby County,” he said. “As a chamber of commerce, we think there is some opportunity for some industrial land in between Millington and the 269 corridor.” Work began in December 2009 on the new eight-mile stretch of Tenn. 385 run- ning from Poplar to Macon and should be completed by November. Hill Brothers Construction Co. handled the grading, drainage and bridgework, and Lehman-Roberts Co. is taking care of the gravel, concrete and asphalt. “They have finished up the grading and the base work, and they are now prepar- ing for the paving job that will start in the spring,” said Nichole Lawrence, com- munity relations officer for the Tennessee Department of Transportation Region IV office in Jackson. The nearly $22 million paving project will complete the section from Macon Road to Tenn. 57 in Piperton. “We started our portion of this project in October, and we will begin paving in the spring,” said Lehman-Roberts vice presi- dent Chuck Vaccaro. Earlier this year, the Tennessee Depart- ment of Transportation put out a $41 mil- lion contract to Dement Construction for work on a new two-mile section of I-269 running from the Mississippi state line to Tenn. 385. Site work is under way just east of U.S. 72 in Collierville between Shelby Drive and Keough Road, hooking up with nearby 385 just before it ends in Piperton. “Work should really begin to crank up next spring, and the estimated completion date is June of 2015,” Lawrence said. The completion of Tenn. 385 will con- nect Collierville more directly with I-40. The town has developed land-use plans to prepare for introduction of the new roadway. The area spanning from I-40 to Collier- ville, including a bridge over the Wolf River, is likely to be one of the last connecting pieces of the new I-69/269 system. Muller said that commercial and residential land 18 December 14-20, 2012 www.thememphisnews.com

special emphasis: REGIONAL BUSINESS Wimbish’s Goal: Give People Reason To Stop, Stay in West Memphis

JONATHAN DEVIN | Special to The Memphis News

t’s hard to make an impression on a rates are 25 percent lower. “We’ve got 30 feet of water right now,” stream of speeding cars and trucks, Diverting traffic top “So if you’re operating a warehouse he said. Ibut Ward Wimbish, the man responsi- goal for city’s director of and you run a bunch of conveyor systems West Memphis is also the funnel point ble for growing West Memphis’ economic and have a big foot print, those things add for railroads crossing the Mississippi River development, hopes to divert drive-thru economic development up,” he said. “We can save a warehouse and diesel sales in the city are some of the traffic into town. anywhere from 50 cents to over a dollar highest in the country. Transportation, West Memphis’ big- Then as the roads developed, what we call per square foot in operating costs.” Wimbish said that railroad service gest industry, can be both a blessing and a downtown West Memphis grew up along In terms of major industry though, space in Memphis and North Mississippi curse when most Memphis drivers see the Highway 70.” West Memphis is just getting started. is becoming tight, and that’s one area city as a place to stop for gas. West Memphis serves Memphis as a “The biggest challenge is that we’ve West Memphis can fuel some demand. “Everybody says that,” said Wimbish, bedroom community with a large portion sat over here and been quiet for too long,” The city is developing a 2,500-acre who has been the West Memphis director of its 26,500 citizens working Down- Wimbish said. “The efforts in the past logistics park on the south end of town of economic development for six years. town. Memphians living Downtown and have been reactive. We let the business go adjacent to the Port of West Memphis. It’s “One of the things we’re working on is in Midtown also shop regularly in West to Memphis and Mississippi. The chal- been in the works for over a year. giving you a reason to stop. People are Memphis. lenge is getting back on people’s radars.” An $8 million restricted access road actually surprised when they go down “We are in many ways independent He noted that his own job sat vacant was built to tie the park to the interstate Broadway and see we what we’ve done.” of Memphis, but we rely on Memphis,” for a year and a half before he took it. system, and earlier this year the city got Broadway is the wide avenue running Wimbish said. “We see ourselves as grow- Since then he’s been marshalling West an $11 matching grant from the Depart- parallel to Interstate 40 just to the south. ing our own business identity.” Memphis’ considerable logistics resourc- ment of Transportation to extend rail Also known as Highway 70, it had its day Wimbish said that West Memphis es in hope of “getting a second chance on service into the park. A private grantor as a major thoroughfare for commercial remains the retail center for communities a first impression.” will provide another $16 million. traffic until I-40 was built and business in eastern Arkansas and noted that a new West Memphis, after all, contains the Port expansions are also planned as is migrated along with it. shopping center was built this year. one-and-a-half mile convergence of I-55, a link to an intermodal park. Now Broadway is a collection of mom- But there are plenty of good reasons which connects the Great lakes to the Gulf Wimbish plans to begin marketing the and-pop shops, which the city has been for manufacturers and importers/export- of Mexico, and I-40, which connects the park to companies next year. He hopes working on revitalizing. ers to settle in West Memphis. West and East Coasts. international shipments, particularly “The city has a history of following “Our selling point is that the operating The Port of West Memphis sits on the from China will grow and that West Mem- the current mode of transportation,” cost is lower here,” Wimbish said. “Our deep end of the Mississippi River channel, phis will become a collection point for Wimbish said. “In our case it started far property tax is about half of that in Mem- where water is always deep enough for containers of corn and soybean bound for south of the interstate at a train stop. phis and North Mississippi. Our electrical barge traffic even in low-water months. New Orleans for export.

Road Projects Will Enhance, Connect Local Logistics Assets

MICHAEL WADDELL | Special to The Memphis News

Paul Lowry Road project to provide better access to Pidgeon, linking key industrial points

onstruction is barreling forward accommodate warehousing and distribu- to the project. Memphis Area Association of Govern- on the Paul Lowry Road project, tion center buildings. “What is good for Memphis and ments project manager. Cwhich will provide better access “This is a big improvement,” Fox said. Shelby County is good for the region,” “The biggest challenge has been to to the Frank C. Pidgeon Industrial Park “The road will only become more con- said Masingill at a news conference held maintain traffic through the area,” said south of Downtown. gested in the future, and this project will earlier this month in front of the new Stan Klenk, program manager for project The six-month project began in June, provide a great deal of near-term relief for Electrolux manufacturing plant, just coordinator Allen & Hoshall. “During and a completion date is on target for the a number of employees at Electrolux as south of the TVA Allen Steam Plant. some parts of the project, we’ve had to second week of December. well as for the heavy traffic that is already The event, which was attended by close a lane or shift traffic from one side “The project’s purpose is to serve all on the road from Nucor and the CN inter- Shelby County Mayor Mark Luttrell and of the road to the other in order to have of the industrial community at Pidgeon modal yard.” Memphis Mayor A C Wharton Jr., featured room to work. We cannot shut the road Industrial Park,” said Ted Fox, public The project will also add a turn lane the project’s first concrete pour. down because of neighbors to the south authorities liaison for the city of Mem- that will help to improve the flow of traf- “This project is about working togeth- and north that need for the road to be phis and Shelby County in service of the fic. er as a region,” Masingill said. “We will open.” Electrolux project. The improvements are being funded never have enough resources by ourselves Klenk pointed out that Electrolux has Road improvements were needed in by a $3 million investment from the Delta to tackle the issues that we face.” already moved about 50 people into the the area due to infrastructure demands Regional Authority. Chris Masingill, fed- The project will include 2,386 feet of office building. created by several factors, including the eral co-chairman of the DRA, had to get road widening and 4,360 feet of improved “So they are using the access to get entrance of Electrolux to the local busi- special approval from each of the eight shoulders. into the facility now, and construction is ness community and the creation of 1,200 Mississippi Delta governors within a 48- The traffic along Paul Lowry Road has still going on with the manufacturing and new employment opportunities, the pro- hour time span because the amount for experienced very little disruption because warehouse areas,” he said. duction and capacity expansion by Nucor the grant exceeded the maximum allowed the contractors were careful to schedule That construction is expected to be Corp., and the development of a logistics of $500,000. construction in such a way as to minimize complete by Jan. 15, and Electrolux could park by Canadian National Railway Co. to Each state agreed to contribute funds disruption, according to Jim McDougal, start up operations later in the year. www.thememphisnews.com December 14-20, 2012 19

special emphasis: REGIONAL BUSINESS Fayette, Marshall Prep for Ambitious Industrial

SARAH BAKER | The Memphis News

Norfolk Southern rail yard has real estate developers thinking about adding warehouse space

ith the Norfolk Southern Corp.’s Roxul is the North American division and Tenn. 196. Hamilton said the Mem- been let for the construction of Interstate Memphis Regional Intermodal of Denmark-based Rockwool Interna- phis-based personal protective equip- 269 for both Tennessee and Mississippi. It’s WTerminal now operational in tional and has been operating in Canada ment manufacturer is “tilting walls in their going to tie Goodman Road to Interstate 40 Rossville and a pair of large-scale indus- for more than 20 years, but this will be the building.” within two years and U.S. 72 to I-40 in 18 trial manufacturing buildings under way company’s first manufacturing plant in The site is slated for completion next months. in the area, stakeholders say the future is the U.S. Also under construction is MCR summer and has expansion capabilities up “There’s not many places you can go bright for the region. Safety’s 500,000-square-foot distribution to 1 million square feet. and see a U.S. interstate being construct- “For something that’s been talked center on 50 acres in Piperton at U.S. 72 Also, infrastructure contracts have ed, but that’s one of them,” Hamilton said. about for a while, there’s a whole lot going on out there,” said Whitfield Hamilton, partner with Sacramento, Calif.-based Panattoni Development Co. Norfolk Southern had a soft opening for its $105 million, 380-acre terminal in July, just across the Fayette County line east of Collierville. Hamilton said the yard where containers are transferred between trucks and trains is already up to 8,800 lifts about every 10 days and it’s not fully open yet. Present Tense “That’s going to be a very large deal The Art of Memphis from 2001 - Now for that railroad and the city that’s serving primarily their Crescent Corridor, going up to the Northeast,” Hamilton said. “So the eastbound traffic coming from the west through Memphis, a big percentage of it will go up through that yard and then up the railroad to the population centers of the Northeast.” The Norfolk, Va.-based railroad is expecting half the lifts of its entire opera- tion to occur inside the Memphis Regional Intermodal Terminal. When fully opera- tional, the terminal will be able to handle 327,000 shipping containers and trailers annually – and it isn’t visible from any roads. “When shippers locate near an inter- modal facility, it reduces highway miles traveled and makes transportation alterna- tives more accessible,” said Mike McClel- lan, Norfolk Southern’s vice president of intermodal and automotive marketing. Meanwhile, south of Norfolk Southern’s Laurel Sucsy, oil ‘Sweet on linen, Jane’, 2012, Courtesy of the artist most substantial intermodal terminal to date, Marshall County is emerging with activity. Hamilton started looking in the area two years ago when ASICS American “Memphis is a city symbolic of creativity and artistic vitality. It connotes a Corp. was looking to locate there. At that sense of deeply rooted authenticity that manifests itself in the works of its February 3 – April 10, 2013 time, the main industrial presence in Mar- many incredible artists. ‘Present Tense: The Art of Memphis from 2001 - Now’ shall County was Exel’s 750,000-square- opens at the Dixon Gallery in early 2013, and captures the energy and foot distribution center in Chickasaw Trail diversity of the city’s contemporary art scene. Featuring over 100 works Industrial Park. from more than sixty Memphis-area artists, ‘Present Tense’ reveals the “We chased that ASICS deal, we had a unique spirit that makes our city such a vibrant and fascinating place.” dixon.org great site in Olive Branch that we owned, and I got my clock cleaned by Marshall Jim Meeks – Managing Partner County,” Hamilton said. “The site they ended up going to was based on some of the incentives, some of things that we really couldn’t control.” ASICS is now up and running, as are several other tenants in the 3,600-acre Chickasaw Trail at U.S. 72 and Cayce Road. insurance / MEMPHISinvestments / ideas® The momentum in the park has continued with stone wool insulation manufacturer Roxul Inc.’s 1 million-square-foot, $130 million facility that’s recently broken present-tense-memphis.com ground on the edge of Wingo Road in Byhalia. “They’re blowing on going on the grade,” Hamilton said. 20 December 14-20, 2012 www.thememphisnews.com

WHY SELL special emphasis: REGIONAL BUSINESS BankTennessee Grows in Atoka

DISH? ANDY MEEK | The Memphis News “Local community banking is our foundation,” Rout said. “Personally know- ing our communities and its residents is important to the financial happiness and n an effort to fill a key spot along the security of our customers as well as our U.S. 51 corridor and bridge the gap bank. Bret has an outstanding knowledge Ibetween its Memphis market and an of the Tipton County markets.” office in Lauderdale County, Collierville- Renee Stanfield, one of BankTennes- based BankTennessee has expanded its see’s longtime employees at its Downtown footprint. Memphis office who’s also a nearby Brigh- The bank announced earlier this year ton resident, is joining Whitley at the new the opening of a new loan center in Atoka, location to help him with loans. at 13690 U.S. 51 S. Since joining BankTennessee in 1999, BankTennessee bought land in 2007 she’s served in several roles including most at the intersection of U.S. 51 and Munford recently as assistant branch manager at DISH Delivers Atoka Ave., and BankTennessee president the Downtown Memphis office. and CEO Jim Rout said the bank expects Whitley has been in the banking the new loan center to grow into a full- industry since 1982. At INSOUTH Bank, Opportunity to Diversify service bank branch later next year. he was chief lending officer, executive vice It would eventually offer deposit prod- president and region president for Atoka, ucts as well as loans, and Rout said the Covington and Millington. Before that, he your Product Offerings bank is looking to build a new facility on its was vice president for BancorpSouth and land at a later date, too. First State Bank in Covington. In addition to opening the new loan The latest snapshot of BankTennessee, center, the bank has hired Bret Whitley, meanwhile, depicts a community-based ● Low Start-up Cost who most recently was with INSOUTH financial institution that’s spread broadly Bank in several roles, to serve as Bank- in and around Memphis. As of June 30, ● Fortune 250 Company Tennessee’s tri-county president. Whitley BankTennessee had almost $232 million will manage the new office and develop in assets. Founded in 1934, the bank has ● Recognized Brand the Tipton, North Shelby and Lauderdale seven full-service retail banking offices county markets for BankTennessee, with spread across Collierville, East Memphis, ● World-Class Training and Support a focus on loan growth for the bank loan Downtown Memphis, Germantown, Ripley portfolio and secondary mortgage prod- and Lebanon. That’s in addition to the ucts. bank’s loan center in Atoka.

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Securing the Mid-South for over 60 years www.thememphisnews.com December 14-20, 2012 21

special emphasis: REGIONAL BUSINESS

at all times, and one helicopter at the Memphis base is available exclusively for Pedi-Flite Transport Team of Le Bon- Hospital Wing Upgrades Facility heur Children’s Hospital for inter-facility pediatric transports. Sixty percent of the flights are trauma-related, and emergency scene flights account for approximately 35 To Meet Regional Demand percent of transports. The service flies out of four locations: Memphis, Brownsville and Selmer, Tenn., MICHAEL WADDELL | Special to The Memphis News and Oxford, Miss. It is affiliated with The Elvis Presley Trauma Center at the Re- gional Medical Center, Baptist Health Sys- tems, Le Bonheur Children’s Hospital and ir medical transport service Hospi- hospitals are very proud to claim us as a Methodist-Le Bonheur Healthcare, as well tal Wing has consolidated its opera- model of a consortium working together,” as Saint Francis Hospital and Crittenden Ations under one roof with a $1.2 said Conway, who points out that The (Ark.) Regional Hospital. Each helicopter is million renovation and expansion of its Wing remains independently operated equipped with a satellite tracking system, headquarters near Downtown Memphis. from the hospitals. “We are also unique in two Garmin GNS430s, SiriusXM satellite “The Wing,” as the company is usually Hospital Wing is unique in the fact that we are a not-for-profit com- weather and Auto Pilot. called, celebrated the completion of reno- pany and we do charitable giving for those Linkous Construction Co. Inc. began vations at its Memphis base with a recent that we were established in need on a case-by-case basis. We make the renovation work in May, working from open house event. It operates under the by the four major hospitals it a part of who we are.” designs drawn by A2H architectural firm. corporate name of Memphis Medical Cen- in Memphis in July 1986 When Hospital Wing originally moved The project adds 6,728 square feet of new ter Air Ambulance Service Inc., and has and those hospitals are into the air hangar at 1080 Eastmoreland administrative, office and educational out- provided helicopter flights for critically ill very proud to claim us as Ave. in 1986, the service consisted of only reach space, including a new conference and injured patients of the Mid-South and “ two helicopters and roughly 20 employees. room as well as the renovation of 2,500 surrounding areas for more than 25 years. a model of a consortium Since then, the service has grown more square feet. The company offers inter-hospital working together.” than threefold while logging approximate- “Our concept of operations is much transfers and emergency scene calls for ly 30,000 flight hours. The Wing owns six like a fire department, so we are increas- – Bill Conway an average of more than 200 patients per CEO/director of flight operations, Hospital Wing Eurocopter Astar AS350B3 helicopters and ing the size of the crew spaces and adding month within a 150-mile radius of Mem- employs a staff of 72 and growing. more bedrooms,” said Conway, who noted phis, including West Tennessee, Arkan- “We’re actually shorthanded right that pilots and nurses are on call 24 hours sas, Mississippi, Missouri, Alabama and commander, joined Hospital Wing as a now, but we just hired two new nurses a day, seven days a week. Kentucky. line pilot in 2010, following 23 years flying and we’re looking to hire new pilots,” said The expansion will also allow Hospital Bill Conway took over as the com- helicopters for the Navy. Lisa Harlow, Hospital Wing office manager Wing to move its dispatch center and com- pany’s new CEO/director of flight opera- “Hospital Wing is unique in that we since 1995. munications team from Collierville, where tions in late July, replacing outgoing CEO were established by the four major hos- One helicopter at each base is fully they had been leasing space from Rural Alan Burnett. Conway, a retired Navy pitals in Memphis in July 1986 and those staffed with a pilot, nurse and paramedic Metro I, to the Memphis base. ENDS THE ALPHABET. BEGINS THE BEST CHOICE IN PRINTING. DESKTOP PRINTERS Zebra's portfolio of compact, but feature rich desktop label printers are ideal for situations that are tight on space, but require high-quality, reliable direct thermal or thermal-transfer printing. 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special emphasis: REGIONAL BUSINESS Norfolk, CBRE Memphis Executives Tout Intermodal Yard

ERINN FIGG | Special to The Memphis News

orfolk Southern Corp.’s most operating costs, Cothran of our tracks, but once you get off our ambitious intermodal terminal to said. property, you need to be able to get your Ndate, the $105 million, 380-acre “Proximity matters,” cargo exactly where it needs to be able to Memphis Regional Intermodal Facility he said. “When com- go within the larger region.” in Rossville, is making steady progress panies choose where According to Norfolk Southern, the toward becoming a driving force for to locate their facility, facility will create or benefit a projected industrial development in Tennessee and industrial sites that are 6,200 jobs by 2020 in the Memphis region, Mississippi. close to an intermodal including Fayette County and North Grant Cothran, manager of national terminal mean fewer Mississippi. The company has created a accounts in intermodal development for highway miles traveled website, thefutureneedsus.com, to keep Norfolk Southern, and Tommy Jackson, for every container. At residents informed about development senior vice president of industrial asset the Rossville facility, progress and other relevant statistics. services for CB Richard Ellis Memphis, companies have an op- It has the city’s industrial real estate brought more than 300 logistics indus- Photo: Courtesy of Norfolk Southern portunity to locate very professionals excited about the possibili- try decision-makers up to speed on the Norfolk Southern Corp.’s new intermodal facility in Ross- close to our terminal.” ties for new manufacturing and warehous- project last month at the third annual ville could be a boon for surrounding development. Neighboring indus- ing opportunities near the facility. Southeast Freight Conference at the Hilton trial parks include the “Great economic growth has already Memphis. tomation technology – which will reduce 3,600-acre Chickasaw Trail Industrial Park, started within this particular beltway,” During their 45-minute presenta- the waiting time to get into the facility and at U.S. 72 and Cayce Road in Marshall Jackson said. “Part of it is related to Nor- tion on the Crescent Corridor, Cothran reduce emissions in the process – 12,150 County, Miss., and Gateway Global Logis- folk’s coverage expansion and part of it is and Jackson shared current highlights of feet of lift track, and 7,110 feet of support tics Center, the approximately 1,200-acre related to the roadway and infrastructure Norfolk Southern’s $2.5 billion, multi-state track. industrial component of the Piperton Hills expansion in the area. We really think that initiative to establish a high-capacity inter- “I want to emphasize that we have Development, which spans Marshall and as the progression of Memphis’ industrial modal freight rail route along 2,500 miles plenty of room for expansion,” Cothran Fayette counties and is partially located market continues to grow to the southeast, from the Gulf Coast to the Mid-Atlantic. said. “We have engineering plans drawn within the Chickasaw Trail area. this is going to be the area that’s going The Rossville terminal had its soft up and ready to go, and there’s no doubt in Infrastructure improvements will offer to be the prime spot. Not that the rest of opening in July. By October, the completed my mind that we will eventually expand.” additional advantages. Memphis and the existing 200 million Fayette County facility had a 200,000-vol- Norfolk Southern chose the Rossville “The road connections are really square feet of industrial product is going ume lift capacity, 1,000 parking spaces for location because of its potential to attract improving, which is so crucial to inter- to dry up and go away – that won’t happen trailers, the latest in gate and terminal au- neighboring businesses and lower their modal,” Cothran said. “We can take care – but this is where the growth will occur.”

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www.colliers.com/memphis | 901 375 4800 www.thememphisnews.com December 14-20, 2012 23 special emphasis: SMALL-BUSINESS SPOTLIGHT: REGIONAL BUSINESS Emulating Santa Claus

So you’ve got this guy who shows BancorpSouth Focused on Being True to Basics up every year wearing a funny outfit, smok- ing a pipe and apparently fond of consuming mass quantities of milk and cookies. He’s not andy meek | The Memphis News really what you might consider a great role model for rational and healthy behavior. However, there’s one thing he does that you might want to consider emulating. He observes people during their sleeping and ancorpSouth Inc. may have waking hours to determine what they are new leadership, but the Tupelo, doing. Then he Miss.-based company likes to B develops a fairly say it still has an old way of doing busi- straightforward ness. list documenting Make that, old-fashioned. his observations. BancorpSouth is a large regional Just to be certain, banking company that provides a he checks his list variety of services across nine states. It twice in a con- has $13.2 billion in assets and operates chris cRouch certed effort to about 293 commercial banking, mort- SMART STUFF Photo: Lance Murphey 4 WORK determine who’s gage, insurance, trust and broker/dealer The Memphis headquarters of Tupelo-based BancorpSouth is at 6363 Poplar Ave. locations, primarily in the Southeast. been naughty and Its presence includes bank, in- able to deal with these difficulties.” over retail functions for the bank’s who’s been nice since he last came around. In surance and mortgage locations in One piece of big news out of the Memphis division, said BancorpSouth it’s simplest form, the list is all about account- Alabama, Arkansas, Florida, Louisi- bank in recent weeks is the selection by isn’t sitting still. The bank has about ability – and accountability is an important ana, Mississippi, Missouri, Tennessee BancorpSouth’s board of a new CEO to 250 people, including its mortgage staff element of any well-run business. (including a few branches in Shelby replace Aubrey Patterson, who became over the Memphis metro area, and total Santa has a lot of people to monitor. If you County) and Texas, as well as an insur- a member of the bank’s board at the end Memphis metro area deposits are in the find yourself in a similar situation and you de- ance location in Illinois. of November. range of $720 million. sire to significantly increase the odds that im- “But even though we’re a regional James Rollins III is the new Bancorp- “We have guarded optimism in portant things will be done on a timely basis, bank, we’re actually comprised of a South chief executive. He has served as terms of the Memphis market,” Henry why not make a list like Santa? It’s simple, it’s system of community banks and remain president and chief operating officer of said. “We have seen some pickup in easy for everyone to understand (unlike some very close to our customers,” said Randy Houston-based Prosperity Bancshares, activity. I think it’s clear that many busi- complex planning documents) and it’s a good Burchfield, BancorpSouth’s senior vice Inc., since April 2006 and has been a di- nesses are obviously conserving dollars way to keep track of who’s being naughty and president of corporate relations and rector of Prosperity since October 2006. where they can and looking at efficien- who’s being nice. I don’t want to discourage communications. “We drive a lot of Rollins is replacing a CEO with a cies wherever possible. That’s only good you from using sophisticated planning meth- decision making down at the local level, more than 40-year career with Bancorp- business practice, regardless of time or ods to document and monitor what needs to and we think that is the real heart and South. A recent article in the trade pub- economic conditions. What we have be done at work. But sometimes a simple list core of our model.” lication American Banker about Rollins noticed here is housing inventory is works quite nicely for making sure the right According to the investment came with the headline “I’m bringing an getting more in line. Those numbers things are getting done during the year. research firm Morningstar Inc., Ban- open mind, not an ax” to his new job at are improving. Prices seemed to have Make a list for each person who reports corpSouth doesn’t have the rip-roaring BancorpSouth. In a statement, Rollins stabilized, which is good. Things are to you. The list should include at least three growth prospects of some banks. said BancorpSouth is a well-respected trending in a better direction. We have pieces of information: The name of the per- “However,” Morningstar writes in financial institution that is strongly every intention of growing. We’re in the son, a bullet-point description of each thing its most recent analyst report on the positioned thanks to Patterson’s years business of making loans. We always to be done, and an agreed upon deadline for bank, “we are pleased that this lender of service. Among its challenges are the keep our eyes open.” completing each item. Oh, it’s a good idea to has not aggressively explored other same ones facing all banks. Burchfield said the company has a put little boxes to the left of each item on the higher-growth markets, and has instead The company’s efficiency ratio, for large enough footprint that it has some list so you can experience the satisfaction of concentrated on diversifying its revenue example stood at about 70 percent in areas that weren’t as affected as much checking off each completed item. Most hu- stream in its core footprint. the third quarter. That means the com- by the recession. Right now, he says, the mans come into the world hardwired to avoid “Despite the spike in bad loans, we pany essentially was spending 70 cents company is excited about the new CEO loud noises, avoid high places with ledges, think this strategy has paid off. Loan for every dollar it makes. and is having a record-setting mortgage avoid snakes and spiders, and enjoy checking losses have been relatively contained Closer to home, BancorpSouth has production year. It also recently reor- off little boxes on lists. Just kidding about that compared with other regional lenders, seven branches inside Shelby County ganized the company so that it’s built last one. Checking off boxes falls more in the and noninterest income has increased and is No. 4 on the Federal Deposit around four geographic regions instead category of learned behavior than evolution- of 10. rather well in the past. Nonetheless, we Insurance Corp.’s list of Memphis-area ary survival programming. It’s behavior that think loan losses will remain elevated banks as ranked by deposit share. “It’s important to us to continue the most people have learned to enjoy. Of course, for several quarters, but the bank will be Randy Henry, senior vice president progress we’re making,” Burchfield said. you and the other person should both keep a copy of the list. Unlike Santa, I would hold off on the observe-them-while-they’re-sleeping thing. That might be considered a bit intrusive in the context of a workplace relationship. However, you probably should check up on things more often than once a year. Perhaps you can touch base with your direct reports every week or so to update the list. In terms of accountabil- ity, it is a bit hard to explain away a bunch of unchecked boxes on an agreed upon list. I’m going to stop writing now and develop my own list of important things to be done. It will come in handy if my boss starts wondering if I am being naughty or nice. Why don’t you join me? Chris Crouch is CEO of DME Training and Consulting and author of several books on improving productivity. Contact him through www.dmetraining.com. 24 December 14-20, 2012 www.thememphisnews.com

special emphasis: regional business Introducing the New Address of Attorney Myra Hamilton Roundup: Region Sees Producer & Host of Success, Swagger & Power: Served Straight Up Radio Talk Show on KWAM 990 Business Activity Improve

West Tennessee Sites Earn crackers, potato and tortilla chips, res- taurant style crackers, cookies and nuts. Foreign Trade Zone Status Snyder’s-Lance has manufacturing facili- The United States Foreign Trade Zone ties in North Carolina, Pennsylvania, Iowa, Board has announced the approval of a Indiana, Georgia, Arizona, Massachusetts, new Grant of Authority for West Tennessee. Florida, Ohio, and Ontario, Canada. The The new designation will allow for company’s new distribution center in existing and new companies to benefit northwest Mississippi will increase its op- from being located in a foreign trade zone. erations in the area while creating six new Ten sites have been designated in West jobs, said spokeswoman Andrea Bartman. Photography by Meredith Fentress-Charleston Tennessee. “This warehouse is perfect for us be- The Port of Cates Landing and its cause it’s centrally located,” Bartman said. Hamilton Entertainment & industrial area in Lake County, and the “It does a lot for us in providing with excel- Memphis Mega Site in Haywood County lent access into the Memphis area, and it are two of the 10 sites. also allows for easy access into Alabama Employment Law, LLC Other industrial parks that are now and Mississippi.” designated are in Dyer, Gibson, Haywood, The lease brings Airways Distribu- Lauderdale, Madison, Obion and Tipton tion Center’s 2.7 million square feet to full counties. occupancy. The Class A business park is The newest zone approved in West home to tenants like Kimberly-Clark Corp., Tennessee is number 283. The North- Siemens Building Technology Inc., Bunzl www.hamiltonentertainmentemploymentlawgroup.com west Tennessee Regional Port Authority Distribution, PFSweb Inc. and StyleCraft 8295 Tournament Drive, Suite 150, Memphis, TN 38125 sponsored the application, while the West Home Collection Inc. Phone: 901-969-4582 Fax: 901-969-4401 Tennessee Industrial Association oversaw Patrick Burke, senior vice president with CB Richard Ellis Memphis, represent- Employment Email: [email protected] the preparation and review process by the Foreign Trade Zone Board in Washington. ed the tenant. Tim Moore, vice president Entertainment Email: [email protected] WTIA will serve as the administra- of leasing for Atlanta-based Industrial De- tor, overseeing day-to-day activities and velopments International Inc., represented working with the companies to help them the landlord. understand and use foreign trade zone Also, a growing Philadelphia-based procedures. value retailer has inked a substantial in- dustrial lease deal in Olive Branch. Five Below Inc. has leased 605,427 Memphis Goodwill Inc. square feet in Hacks Cross Logistics Center Opens Oakland Store Building 1, 9105 Hacks Cross Road. The publicly traded company offers Service and Good Work since 1946. Memphis Goodwill Inc. opened a new trendy merchandise targeted at the teen Attended Donation Center in Oakland and pre-teen customer, such as party Monday, Dec. 10. favors, school supplies, candy, room decor The 1,850-square-foot space was and toys. Five Below products are all previously a Starbucks Coffee Co. in an priced at $5 and below. outparcel of a Kroger-anchored shopping Market sources confirmed that Kemp center at 7275 U.S. 64. It is Goodwill’s first Conrad and Matt Weathersby of Cushman donation center in Fayette County. & Wakefield/Commercial Advisors LLC Goodwill is also in the process of open- represented the tenant. The listing agent ing a 7,200-square-foot store in Coving- for Dallas-based building owner Hillwood ton that used to be occupied by a Dollar Investment Properties was Dan Wilkinson, General. The grand opening and ribbon chairman of Colliers International. cutting for the Tipton County location is slated for Dec. 20. Jess Ossorio of Crump Commercial New Malco Theatre LLC is the exclusive tenant representative Coming to Olive Branch for Memphis Goodwill. LEED CERTIFIED PROFESSIONALS • SUSTAINABLE SOLUTIONS Memphis Goodwill Inc. was founded Memphis-based Malco Theatres is in 1927 as a territory of the nationwide building a new 12-screen theater in Olive Goodwill Industries movement. Today, Branch. the organization employs more than 600 The movie chain completed initial • FACILITY DESIGN CIVIL ENGINEERING people in Tennessee and Mississippi who site work several years ago but decided to face significant barriers to employment. shelve the development when the reces- SURVEYING • TRANSPORTATION sion hit. The company announced this NATURAL / WATER RESOURCES week it’s resumed construction on the Snyder’s-Lance Signs project with plans for completion by the Deal in Southaven middle of next year. Elsewhere, Malco also is set to resume OFFICE LOCATIONS Recently ranked in A well-known snack food company has cinema projects in Louisiana and Arkan- sas that also were put on hold. And Malco MEMPHIS, TN 901.726.0810 boosted its distribution presence in the Engineering News-Record’s Memphis area. Snyder’s-Lance Inc. signed – which recently finished renovations at SOUTHAVEN, MS 662.393.3348 Top 500 Design Firms a 26,757-square-foot lease at Airways Dis- its Ridgeway 4 cinema, to include plush FLOWOOD, MS 601.956.3663 tribution Center Building F, 8425 Airways new chairs and higher quality conces- PEARL, MS 601.932.7878 Blvd., in Southaven. sions, among other things – will complete BILOXI, MS 228.432.5925 www.pickeringfirm.com The Charlotte, N.C.-based firm manu- a renovation of the Forest Hill Cinema in facturers and markets pretzels, sandwich Germantown by the end of this month. www.thememphisnews.com December 14-20, 2012 25

news

nonprofit sector HEALTH CARE & BIOTECH MED Rehabilitates Serving Warriors Downtown Campus erinn figg | Special to The Memphis News michael waddell | Special to The Memphis News

n November 2006, then-U.S. Army Spc. Susan Downes was he Regional Medical Center at Memphis is Iserving as a military police officer in the midst of extensive rehabbing of its in Afghanistan’s Logar Province when TDowntown campus at 877 Jefferson Ave., her Humvee drove over an impro- providing a much-needed face-lift for many of its vised explosive device. dilapidated buildings. “The truck jerked and that’s really “We are on a mission to upgrade our facilities all I remember,” said the Tazewell, and elevate the Regional Medical Center to a hos- Tenn., veteran. “The next thing I pital of choice, not only for handling emergen- knew, doctors in Germany were wak- cies and trauma, but also for dealing with more ing me up from a medically induced routine, planned activity,” said Rick Wagers, chief coma to tell me I had lost both my financial officer of The MED, which sees 16,000 legs.” inpatient visits, 50,000 emergency room visits Downes is the first woman and 130,000 outpatient visits each year. “What we double-amputee from Afghanistan, would like to do is replace the vast majority of our a circumstance that she says has campus over a five- to 10-year period in order to helped shape her but does not define make it more patient- and family-friendly.” her. She has received numerous ac- The many capital improvement projects colades, including two Purple Hearts, already completed in the past 24 months at The and is a spokeswoman for numerous MED’s Downtown campus include streetscape national veterans associations. improvements, parking lot additions and im- Now, she’s teaming up with provements, renovation of the emergency depart- Munford lawyer Jeff Ward to take on ment and waiting area, upgrades to security, new veterans’ issues that are closer to internal and external signage, and conversion of home. Their new nonprofit organiza- all double bedrooms to single bedrooms. It also tion Feed Our Warriors is dedicated includes replacement of CT scanners that report to providing Tennessee veterans with inpatient activity and install of a third CT scanner food, clothing and assistance with for outpatient activity, renovation and installation jobs, housing and medical resources. of robotics in the inpatient pharmacy, upgrades Ward is managing the organization’s to the trauma treatment rooms, new roofing, the activities in the Mid-South, while rebuilding of boilers and chillers, and the addi- Downes oversees operations in East tion of a new Starbucks coffee kiosk. Tennessee. A main priority this year has been the comple- “As I’ve been working with tion and opening of a new, safer patient drop-off/ national organizations, I wanted to pick-up area and main entrance to the hospital. do more for Tennessee,” Downes “This medical center really never had a main said. “My county is so small. Many entrance and/or a drop-off and pick-up area, it veterans here are unaware of all the just happened out in Jefferson Street, sometimes resources that are out there for them. closing down a lane of traffic,” said Wagers.

A lot of them don’t know what their Photo: Lance Murphey Montgomery Martin Contractors LLC handled benefits are.” Attorney Jeff Ward of Munford will raffle two sculptures to help Feed Our the construction on the $1 million project, which According to a survey conducted Warriors, an organization he is supporting with Army veteran Sue Downes. involved converting and covering a parking lot by the U.S. Department of Veterans off of Jefferson. Work finished in late summer and Affairs, 60.5 percent of the estimated health condition. life, makes for an effective com- the new area opened in September. The project 1.6 million veterans of the Iraq and “It’s an experience that can be bination. The two had planned to falls within The MED’s capital budget of $18 mil- Afghanistan wars say they have a hard for many people to relate to. announce the organization in Janu- lion for fiscal year 2013. Next year The MED will good understanding of VA benefits With most jobs, your safety is not ary; however, as soon as they began add new services for its patients thanks to a new and services, compared to 44.6 per- even in doubt. With our veterans, spreading word among their respec- vascular clinic in The MED outpatient center. The cent of World War II veterans and 44.2 that’s not the case,” said Ward, whose tive networks, people immediately $4.2 million project that includes renovation work percent of Vietnam veterans. father was in the Korean War. “Seeing wanted to help. and upgraded equipment will be complete early Meanwhile, according to Novem- blood and dying changes you. You “People started making dona- next year. Montgomery Martin Contractors is ber statistics from the U.S. Depart- can’t talk about it. You suffer in ways tions, offering raffle items, pledging again doing the work. ment of Labor, the unemployment people don’t understand.” thousands of dollars in support – the “We are also putting in a new bi-plane rate for veterans of current wars is 10 Ward says Munford is small response was heartwarming,” Ward invasive radiology suite adjacent to the vascular percent. Other statistics provided by enough for him to regularly witness said. institute,” Wagers said. the grassroots organization Veterans area veterans struggling with finding Currently, Ward and Downes are That $2.1 million project will include replac- for Common Sense demonstrate employment, housing and food. He forming an advisory board – “we have ing and upgrading outdated single-plane tech- problems with beleaguered dis- has helped write more than two-doz- everyone from a doctor to a gun store nology. In July, another $32.4 million for capital ability claims processing systems en resumes for unemployed veterans. manager to a Green Beret member,” improvements was approved by The MED board and mental health. As of November, “These are people with amazing Ward said – and are collecting dona- for the expansion of the Elvis Presley Memorial nearly 900,000 veterans were waiting military experience, but they come tions to buy holiday wish-list items Trauma Center and the Turner Tower Complex. an average of eight months for an home and they have no idea how to for children of area veterans. They are Facility improvements are under way to the initial decision from the VA on a dis- translate that experience into a civil- also selling raffle tickets for two large Elvis Presley Memorial Trauma Center, includ- ability benefit claim. And as of June, ian job here,” he said. statues – one of an eagle, the other a ing the renovation of its outdated Critical Care the VA treated 834,000 veterans after Ward says his legal experience seven-foot-tall soldier – by Indiana Assessment area. Square footage is being added, deployment to Iraq or Afghanistan. as a partner at Ward Williams PLLC, artist Paul Moon. Next year, they plan modernizing and increasing the amount of as- Among those patients, 445,000 were combined with Downes’ experience to have two significant fundraising sessment space. Renovation work is scheduled to diagnosed with at least one mental as a veteran readjusting to civilian events in the spring and fall. be completed this month. 26 December 14-20, 2012 www.thememphisnews.com

REAL ESTATE & DEVELOPMENT Home Sales Jump 16 Percent

SARAH BAKER | The Memphis News

Shelby County sees housing market improve 17 percent in 2012 compared to same period in 2011

he Shelby County housing market issue on the forefront is financing. limited to foreclosures, Real-Estate Owned pared to 74 in 2011. New home sales continued to improve last month “That facet of the business is improv- (REO) or short sales. averaged $293,415, however, a 39 percent T with year-over-year increases in ing, as well, but we still have a long way “We’ve actually been seeing signs of a uptick from last November. Year to date, home sales and average prices, and in- to go,” Lott said. “Lending guidelines and seller’s market over the last month or so,” new home sales are up 3 percent and aver- dustry experts say those are just two of the restrictions will have a lot to do with how Lott said. “We are seeing more apprais- age sales prices are up 15 percent. signs that local residential real estate has big the recovery is going to be.” als come in at contract price or higher, Dr. John Gnuschke, director of the stabilized. Overall, home sales activity is up 17 too. That is something that we have not Sparks Bureau of Business and Economic There were 1,187 home sales registered percent year to date, with 13,772 sales seen for some time.” Research and co-director of the Center for in November, up 16 percent from the 1,024 recorded through November. Average Bank (or foreclosure) sales made up Real Estate at the University of Memphis, sales tallied in November 2011, according sales prices year to date were $124,377, a 2 23 percent of all home sales in November said at last week’s Urban Land Institute to real estate information company Chan- percent increase from the same period last with 236 recorded, down 15 percent from Memphis Real Estate Outlook for the Mid- dler Reports, www.chandlerreports.com. year. Collierville’s 38017 ZIP code saw the last year. But year to date, bank sales were South seminar that local price trends and Average home sales prices for Novem- most home buying activity with 83 sales up 11 percent. November bank sales aver- housing starts are good signs of what’s to ber were $123,756, a 5 percent bump from averaging $304,694 and totaling $25 mil- aged $68,545 and totaled $16 million. come. $117,342 during the same month last year. lion. Eads’ 38028 had the highest average Conversely, nonbank (or traditional) “They’re better than they were, they’re Total sales revenue in November was also sales price, $422,417, but only recorded sales were up 28 percent year over year off the bottom,” Gnuschke said. “As long up at $147 million. three sales. with 951 recorded with Chandler. Year to as we don’t see some disaster happening Carol Lott, broker with Crye-Leike Re- Lott said homeowners still think prices date, nonbank sales were up 20 percent. out of Washington, I think we’re pointed in altors Inc. and president of the Memphis are dropping, and she wants to “shout it Nonbank sales averaged $137,457 and the right direction for a steady, achievable, Area Association of Realtors, said housing’s from the mountain top” that prices are totaled $131 million. manageable growth.” recent increases indicate that the market indeed trending upward. She’s seeing more Meanwhile, November’s new home Chandler Reports is a division of The is seeing a trend instead of a fad, but the multiple offers on properties that aren’t sales were flat, with 75 sales recorded com- Daily News Publishing Co. Inc.

INKED Levenger Lease Brings EastPark IV to Full Occupancy

SARAH BAKER | The Memphis News

Delray Beach, Fla.-based specialty retail company Resource, which typically acquires multifamily Real- J. Max Hamidi, broker with Re/Max on Track, was the is relocating its Memphis distribution warehouse Estate Owned properties, said in a company release that buyer’s representative. Charles Sevier, principal broker of Awithin the Southeast submarket. it will invest capital to improve the overall condition and Crump Commercial LLC, was the seller’s rep. Hamidi said Levenger has inked 96,400 square feet in EastPark Dis- marketability of the property to bring units to leasable the buyer plans to put in a 10,000-square-foot retail strip tribution Center IV, 5265 Hickory Hill Road, bringing the condition, stabilize its occupancy rates, and make it cash- center, a Z-Market and an Exxon gas station. 372,800-square-foot building to full occupancy. Levenger flow positive. Upgrades will be made to exterior painting also has an operation at 3530 E. Raines Road. and landscaping as well. In other deals, Bike Plus has leased 8,150 square feet Levenger’s product line includes upscale notebooks Tommy Bronson III and Blake Pera with CBRE’s Mem- in the freestanding retail building at 7007 U.S. 64. and journals, pens, wallets and bags, furnishings and phis Multifamily Division represented the seller, Tritex Bikes Plus has two locations – one in Germantown desk accessories. Merchandise is sold through Levenger’s Real Estate Advisors Inc. and this new Bartlett location, which is a relocation of the catalogs, website and stores in Boston, Chicago and the company’s existing shop near Wolfchase Galleria. Mem- Washington area. Memphis is home to Levenger’s cus- Also in acquisitions, Nashville-based Anchor Invest- phis-based Bikes Plus is a full-service bicycle shop and tomer service and fulfillment center. ments LLC bought Town Center North – a 51,000-square- was recently named by Bicycle Retailer and Industry News Wyatt Aiken, executive vice president of Cushman & foot shopping center at 6 and 8 Stonebridge in Jackson, as one of the top 100 retailers in the U.S. Wakefield/Commercial Advisors LLC, represented the Tenn. – for $2.7 million. Mike Slattery, owner and principal real estate broker of tenant in lease negotiations. CB Richard Ellis Memphis’ The center was foreclosed in March and sold Nov. 30 Slattery Realty LLC, represented the tenant and landlord senior vice president Tommy Jackson and vice president via Auction.com. Colliers’ Andrew Phillips and Ed Thomas Crews H64 LLC on the five-year lease. Brad Murchison represented the landlord, a joint venture represented the buyer. “The new space doubles the size of their existing loca- between Panattoni Development Co. and California State Colliers will continue to handle leasing and manage- tion,” Slattery said. “The facility will be a state-of-the-art Teachers’ Retirement System. ment on behalf of the new ownership, and Phillips and showroom for more product display and an expanded Thomas have already represented the new owner with two service area.” In other commercial real estate news, RRE Foxwood new leases. Gericare Inc., a subsidiary of Eden Prairie, Occupancy is expected in February. Holdings LLC, an entity of Philadelphia-based Resource Minn.-based pharmaceutical firm BioScrip Inc., America Inc., has bought Southeast Memphis’ distressed inked 2500 square feet in Building 6. The tenant And in renewals, Forever Fit Fitness Center Foxwood Apartments for $2.3 million, or $10,341 per unit. was represented by Chris Carothers, Realtor has renewed its 3,394-square-foot lease at Clark Foxwood is a 220-unit, 30-building apartment com- with Hickman Realty Group Inc., and David Tower, 5100 Poplar Ave. Representing building munity built in 1972 at 2778 Pickering Drive. The prop- Lee, president of Beale, Lee and Associates owner Lake Worth, Fla.-based In-Rel Properties erty includes one-, two-, and three-bedroom garden and Inc. Inc. was Cushman & Wakefield/Commercial townhouse style apartment homes with units averaging And Lisa Hollins, doing business as Once Advisors Asset Services LLC’s senior associate 964 square feet. Upon A Child, signed a lease for 4,191 square Anna Tranum and senior vice president Phil Amenities of Foxwood include a swimming pool, feet. The tenant was also represented by Dagastino Jr. courts that serve as a playground area, laundry facility and Carothers. Send commercial lease announce- controlled access gates. The property has frontage along Hamid Latifi bought the former ments to Sarah Baker, who can be Mount Moriah Road, which provides immediate access to Kettle Restaurant at 4139 Winchester reached at 521-2464 or sbaker@ Tenn. 385. Road from Kanfield Co. for $250,000. memphisdailynews.com. www.thememphisnews.com December 14-20, 2012 27

your own eyes and from your desk chair. Cognitive Biases Affect Strategic Decision Making Collect and analyze many different types of primary and secondary data. Study You are biased. Chances are very Anchoring: Human tendency to rely critical evaluation of alternative ideas or your competitors’ moves. Analyze trends good that your team is also biased, no too heavily on the first piece of information viewpoints and growth in the industry as a whole. matter how talented or experienced they offered (the “anchor”) when making deci- Belief Bias: The tendency for one’s Then listen to all of the players of the value are. Human bias can blind you to real mar- sions. During decision making, anchoring preexisting beliefs to distort logical chain objectively and a new perspective ket demand and occurs when indi- reasoning, sometimes by making invalid will arise. open opportunity. viduals use an initial conclusions seem valid, or valid conclu- 2. Take a hard look in the mirror – It is crucial piece of information sions seem invalid. This is a bias where which of these biases is present in your that business to make subsequent people make faulty conclusions based on organization? leaders become judgments. Once an what they already believe or know. This is 3. Believe in the collective intelligence acutely aware of the anchor is set, other closely related to conservatism bias where of your management team and strategic biases we all share judgments are made people believe prior evidence more than partners. as human beings by adjusting away new evidence and are slow to change their 4. Do not assume that what has been and design the JOCELYN ATKINSON from that anchor, and mindset. According to McKinsey’s study, always will be. & michael graber 5. Embrace the devil’s advocate; he strategic decision let’s grow there is a bias toward senior executives are particularly imper- making process interpreting other iled as their deep experience boosts the may be the only person in the room that to correct for bias. In a recent McKinsey information around the anchor. odds that they will rely on analogies, from is preventing the bandwagon effect from Quarterly survey of 2,207 executives, only The Bandwagon Effect: The probability their own experience, that may turn out to taking off. 28 percent said that the quality of stra- of one person adopting a belief increases be misleading. 6. Watch out for over confidence and tegic decisions in their companies was based on the number of people who hold Hindsight Bias: The tendency to see over optimism – it is important to recog- generally good, 60 percent thought that that belief. This is a powerful form of past events as predictable. This challenges nize the risks and shortcomings that are bad decisions were about as frequent as groupthink. Groupthink is a psychological our ability to learn from past failures. inherent in every decision. good ones, and the remaining 12 percent phenomenon that occurs within groups Here is our advice for how to eradicate 7. Role play and reframe to analyze thought good decisions were altogether of people, in which the desire for harmony bias, minimize risk and make decisions multiple scenarios, and then stress test infrequent. Human bias has been studied in a decision-making group overrides a faster: them equally. at length by behavioral psychologists realistic appraisal of alternatives. Group 1. In order to uncover growth oppor- and we include a few of the most relevant members try to minimize conflict and tunities you must study the market from Jocelyn Atkinson and Michael Graber saboteurs on business growth here: reach a consensus decision without multiple angles. Do not study it through run the Southern Growth Studio.

1945 sycamore view road in every unit. memphis, TN 38134 Paul D. Montgomery signed the REAL ESTATE RECAP trust deed as president of Property Loan Amount: $4.3 million Asset Management Inc., the manag- Loan Date: Oct. 26, 2012 ing member of Village of Sycamore Maturity Date: Dec. 1, 2022 Ridge Apartments LLC. Hickory Hill Warehouse Borrower: Village of Sycamore Ridge Apartments LLC 2893 getwell road Sells for $15.7 Million Lender: Magna Bank memphis, TN 38118 Details: The owner of the Village of Sale Amount: ERIC SMITH | The Memphis News Sycamore Ridge – a 114-unit apart- $2.2 million ment community at 1945 Sycamore Sale Date: Nov. 19, 2012 View Road near Bartlett – has filed Buyer: Memphis Heights LLC a $4.3 million multifamily deed of Seller: LEDIC Management Group trust, absolute assignment of leases LLC (court-appointed receiver for Freeport Ave Freeport Cove and rents and security agreement California Bank & Trust) (including fixture filing) on the Details: The Kensington Manor Hickory Hill Rd

Crumpler Rd property. Apartments at 2893 Getwell Road in Tradeport Dr Village of Sycamore Ridge Apart- Oakhaven have sold for $2.2 million ments LLC, an affiliate of Salt Lake to a Miami Beach, Fla., entity called City-based Property Asset Manage- Memphis Heights LLC. ment Inc., filed the loan Nov. 20 Following a host of financial E Holmes Rd

Distriplex Farms Dr through Magna Bank. woes including foreclosure and Built in 1973, the Class C apart- bankruptcy, the property sold Nov. ment complex has 148,852 square 19 in a special warranty deed with Hickory Hill Warehouse feet and sits on 15.1 acres on the LEDIC Management Group LLC Discover Dr west side of Sycamore View Road acting as court-appointed receiver 6380 holmes road • memphis, TN 38141 between Summer Avenue and for California Bank & Trust and Raleigh LaGrange Road. The Shelby the seller. Kensington Manor is 6380 Holmes Road County Assessor of Property’s 2012 a 545,790-square-foot, 570-unit memphis, TN 38141 appraisal is $1.9 million. multifamily complex on 29.19 acres Its visibility on Sycamore View along the west side of Getwell Road Sale Amount: $15.7 million Road and immediate access to between American Way and Knight Sale Date: Dec. 5, 2012 Interstate 240 give the complex Arnold Road. Buyer: IIT Chickasaw LLC daily traffic counts of more than Built in 1973, the Class D prop- Seller: Industrial Property Fund VI LLC 35,000, according to CB Richard erty has an appraised value of $3.1 Details: An affiliate of Denver-based Industrial Income Trust has paid $15.7 million Ellis Memphis, which represented million, according to the Shelby for the 437,740-square-foot warehouse at 6380 Holmes Road in Hickory Hill. The the previous owner, Chicago-based County Assessor of Property’s 2012 entity known as IIT Chickasaw LLC bought the industrial property in a Dec. 5 special TVO Sycamore LLC, in its $3.4 mil- data. An alternate address for the warranty deed from Industrial Property Fund VI LLC, an affiliate of Atlanta-based lion sale last year to Property Asset complex is 3836 Chippewa Road, Industrial Developments International Inc. Built in 2004, the Class A warehouse Management. according to a LoopNet listing that facility sits on 21.76 acres in the Chickasaw Distribution Center at the northwest cor- The property’s amenities include also shows the property containing ner of Holmes and Crumpler roads. The Shelby County Assessor of Property’s 2012 three swimming pools, bike/walk- 559 units and 525,280 square feet. appraisal is $12.2 million. The purchase marked Industrial Income Trust’s second ing trails around a lake, wood- Jeffrey Ezekiel, chief financial Memphis acquisition this year. The company in July bought an 890,000-square-foot burning fireplaces, private patios, officer for Memphis-based LEDIC, industrial portfolio in Southeast Memphis from CRP Holdings B LP for $24.3 million. and washer and dryer connections signed the warranty deed. 28 December 14-20, 2012 www.thememphisnews.com

As a Grandfather, Law Talk Call me Pop Pop Sam A. Myar Jr. Memorial “A nickname, because it’s custom-made, rather than installed at the factory, can seem like a better reflection of one’s true self.” – David Owen Award Given to Magee The above quote is from “Call Me Loyd: The Strange Power of Nicknames,” a clever, laugh-out- loud essay that ran in the “New Yorker” in February RICHARD J. ALLEY | Special to The Memphis News 2008. It’s hardly been farther than arm’s reach from me since I first saw it. I read it a couple of times a year and teach it in my Law & Literature arcy Dodds Magee, a class. partner with Thomason The big news in my MHendrix Harvey Johnson family of late is that my & Mitchell, PLLC, has been awarded daughter (and her hus- the Sam A. Myar Jr. Memorial Award. band) are having a baby. Named for the late Sam Myar, Yes, come February, the “I who died in 1959 at the age of 39, the VIC FLEMING Swear” columnist is going award is given each year to an attor- I SWEAR to be a granddad! Which ney younger than 40 years old who raises an issue: What will has “rendered outstanding personal the kid call me? If that makes me seem self-cen- service to the Memphis and Shelby tered, it’s because I am. County legal profession and commu- Owen noted that if you live long enough, the nity,” according to the Memphis Bar moniker hung on you for grandparental purposes Association. will likely be the one you die with. Thus, it had best Magee described the award, be “something you don’t mind hearing.” He tells of which was presented Thursday, Dec. a woman who wanted to be “Grammie,” and was 6, at the MBA’s annual meeting, as more “humbling” and “an unbelievable than honor.” I Swear Crossword a little “My law firm has been very active Fleming’s weekly puzzle Page 34 miffed in the bar association and there have when a been several recipients of this award grand- that are my current partners right child chose to call her “Ninnie” instead. And of a now, so it does mean a great deal to toddler who called his father’s parents “Man” and me,” Magee said. “That” before learning “Grandpa” and “Grandma.” Magee is the past-president of the Young Lawyers Division of the There’s no issue here for my spouse. She’s Memphis Bar Association for which been called “Susu” for years by parents, cousins, she was also on the board of direc- nieces, nephews, etc. She’ll be Susu to grandkids. tors. In college at the University of She’s her father’s daughter. Tennessee, where she received her My father-in-law was called “Googie” by ev- undergraduate degree in political eryone in his life, including five grandchildren. My science, she volunteered with the mother-in-law is “Doll” to those five, as one of her magee Tennessee School for the Deaf, the grandmothers was to her. My wife’s grandmoth- Humane Society and other organiza- ers were “Tee” and “Toney.” Both her grandfathers tions through her involvement with ing to pass the bar, is that of civility were “Dado.” the student government association. among peers and the importance The only grandfather I knew was called “Dad” Her dream of being an attorney of working closely, not just with by his kids (my father and his sister) and his two began long ago. When she graduated colleagues, but with those on the op- grands, my sister and me. The thought of my using from law school, her mother gave her posite side of the table. this name collided with the thought of my son-in- a forgotten essay written in the third “It is better for our clients if we law’s prerogative to be called “Dad.” To say nothing grade about wanting to be a lawyer. Some people go into can all get along,” she said. “There of the confusion that might be wrought if the kid “It’s just something that I’ve al- this looking to change are certain things as lawyers on actually called us both by that name. ways thought I wanted to do,” Magee the world, but that’s both sides that we know we have to My grandfather Dad’s wife was called “Mom” said. not really my outlook do, and if we can accomplish those by the only grandchild who knew her – my sister. The idea would be furthered on it. My focus is on things in a civil manner and work My mother’s mother was “Dedo” (someone’s while a student at Germantown High together to reach the end results … each particular doctor mispronunciation of her given name, Leo) to 17 School when neighbor and old-guard “ if we can agree on things ahead of grandchildren. Dedo’s husband died before any of attorney Frank Glankler Jr. told her, that I represent; if I time, it’s just better.” those 17 were born, so we don’t know what he’d “If you want to practice in Memphis, can make a difference Medical malpractice cases can have been called. you need to come back to Memphis in their lives, then I’ve take years to be resolved, whether My son-in-law’s parents are going to be “Mum- and go to school.” accomplished my goal.” in trial or out, and the time spent in sie” and “Boo Boo.” Among my friends, there’s Pa- At the University of Memphis preparation presents a tough bal- paw, Papa, Poppa, Poppy, Popsie, Grandad, Bebe, Cecil C. Humphreys School of Law – Marcy Dodds Magee ance for the mother of a 4 year old Partner, Thomason Hendrix Harvey Johnson Yaya, Honey, Granny, and Mimi. My mother was a she was involved in community ser- & Mitchell, PLLC daughter, who says she owes a lot to proud and loving “Mimi.” As was my sister. My dad vice projects and activities with the her husband, Jarrett, a real estate ap- was “Pop Pop,” a name he wore with dignity and Student Bar Association. praiser, for taking over at home when honor, despite the fact that it was coined by my Graduating from U of M in 1998, went into the legal profession in the a trial gets near. mother and sister. To my daughter, I floated the Magee clerked with the now-defunct first place, she said. The hours preparing, though, is prospect that I might resurrect that handle for my Shuttleworth, Smith, Williams, Sab- “Some people go into this look- time that is ultimately rewarding. tenure as a grandfather. Her reply: “I love Pop Pop batini & Harper PLLC for several ing to change the world, but that’s Making a difference in someone’s for you.” Words that may have sealed the deal. years before joining Thomason Hen- not really my outlook on it,” Magee life, she says, and helping to ease the Have you a story about grandparent nick- drix, where she specializes in trial law said. “My focus is on each particular burden of a potentially bad ordeal is names? I’d love to read and share it. defending medical malpractice suits. doctor that I represent; if I can make what keeps her going day in and day Recent laws have done away with a difference in their lives, then I’ve out. Vic Fleming is a district court judge in Little nuisance cases, Magee says, so the accomplished my goal.” “I love nothing more than to get Rock, Ark., where he also teaches at the William H. cases she and her colleagues handle One of the more lasting lessons a hug from a doctor after the case is Bowen School of Law. Contact him at vicfleming@ now have more merit and each can she learned as an attorney right out over with and have them say ‘thank att.net. take up a vast amount of time. of law school, and one which she you,’” she said. “That’s all the reward It’s challenging but this is why she hopes to pass along to those look- I need.” www.thememphisnews.com December 14-20, 2012 29

Memphis STANDOUT Grizzlies CEO Levien Longtime Fan of City

ANDY MEEK | The Memphis News his iPad or laptop since he travels fre- firm represented (former Grizzlies player) – demonstrating Pera’s love of the game quently. Levien is keeping him informed Shane Battier,” Levien said. “I knew that – Pera asked Levien, “Hey, you want to go about the business side, and together they market, and when we met with (former shoot some hoops?” talk through any decision making. Grizzlies owner) Michael Heisley and Levien thought it would be a kind of he first time Jason Levien visited Levien’s introduction years ago to (Heisley attorney) Stan loose, informal session – Memphis, it was the summer of Memphis – at a time when Ford was Meadows, Memphis until he saw Pera attack- T1996. He was here to help his friend running for congress – came after what already had a special ing the rim with dunks. and law school classmate Harold Ford Jr. already had been an extensive career for place for me. “Right now with the run for Congress, so Levien helped him the basketball executive. “I knew what this Grizzlies, what we’re do- campaign – and slept on Ford’s sofa. “After Harold got elected, I moved town was like before ing is we’re studying the Fast forward 16 years, and Levien is to Washington to practice law at a firm the Grizzlies got here, business operations and back in Memphis, this time as the new there,” Levien said. “(Harold) wanted me and after. I’d seen it the basketball opera- CEO of the city’s NBA franchise. to work for him officially in his congressio- both ways. I knew what tions and figuring out He’s becoming a public cheerleader for nal office. But I didn’t do that. Instead I just a basketball city it was how we can add value the Memphis Grizzlies and its hometown. advised him and began my own career. We and what a great com- in both places,” Levien Levien already has developed a fondness were best buddies in Washington. I was munity it was.” said. “And part of that is for Overton Square’s YoLo Frozen Yogurt. building my career as a lawyer, and then I Levien joined Pera going to be about engag- In the past week, he sat at one of the head started representing players, because I had last month at a press LEVIEN ing with this local own- tables during the Greater Memphis Cham- all these relationships in basketball.” conference at FedEx- ership group we’re lucky ber’s annual chairman’s luncheon, and he During his career, Levien has worked Forum, which represented Pera and the to have, because they are real leaders in co-chaired a “One Memphis Operation as a sports agent, he’s had his own firm team’s new ownership formally introduc- the community, and we want to tap them Christmas Basket” kick-off event. representing players, he played basketball ing themselves to the city for the first time. for their advice and counsel. The partner- The latter was part of a charitable collegiately, and he’s an attorney, to boot. It was during that press conference that ship just cares so deeply. They want the initiative that will provide nearly 5,000 His sports industry experience includes people got a sense of Pera’s and Levien’s team to be successful – financially. Not to holiday food baskets to needy families and being a general partner with DC United of friendship. Pera described Levien as a real- enrich their own pockets, but because they children. Levien also speaks every day with MLS, serving as co-owner of the Philadel- life version of the character of Ari Gold, the know it will be good for Memphis. That to Robert Pera, the Grizzlies’ new chairman phia 76ers, and serving as a senior vice fast-talking agent from “Entourage.” me is very special. I think Memphis has a and controlling owner – another Levien president of the Sacramento Kings. Levien told a story of visiting Pera’s real soul to it. A real energy and personality friend from way back. For his part, Pera is “I had known Memphis not only from office in Taiwan and learning there was a that I’m getting to know better and better. following every Grizzlies game, either on (Ford), but when I was a player agent our gym nearby. At one point during their visit It’s there, and not every city has that.” YOURYOUR TRUSTEDTRUSTED RESOURCERESOURCE FORFOR REALREAL ESTATEESTATE

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REAL ESTATE & DEVELOPMENT education Fairway Manor To Kyle: Huffman Brings Rise in Westwood Leverage to Mediation SARAH BAKER | The Memphis News

BILL DRIES | The Memphis News “The fast lane has been closed but dispute there are scenarios being con- the road is still open,” Hoover said of sidered by them that he would specifi- n $8.5 million public housing project the possibility of municipal school cally oppose. That could include parts called Fairway Manor soon will break districts. of the merger or the municipal schools A ground in Westwood’s 38109 ZIP code. ennessee Education Commis- Mays has not yet ruled on a chal- process governed by the administra- The facility at 12 W. Fairway Ave. will sioner Kevin Huffman would lenge by the Shelby County Commis- tion, not the legislature. include a three-story senior living space and Tbring lots of political leverage sion to two other state laws that allow “I just believe Commissioner Huff- a seven-building townhouse apartment com- with him should he mediate the com- for the creation of municipal school man could walk in a room … and with plex with clubhouse. The 110,000-square-foot ing merger of schools in Shelby County. districts after the August 2013 merger of whatever positions people have and project will contain 96 units between the two Tennessee Senate Democratic Lead- the city and county school systems. say, ‘I don’t really think you’re going properties. Memphis Land Bank Inc. awarded er Jim Kyle of Memphis, who suggested Hoover also said there are options to get a chance to do that,’” he said. the construction contract to Chris Woods Huffman as an “honest broker” be- short of that that could be talked about. “You’ve got someone who’s got that Construction Co. Inc. Memphis Land Bank tween countywide school board leaders But the municipal school districts are kind of authority.” was established in 2000 to assist the Memphis and suburban leaders, said Huffman what suburban leaders prefer and will Hoover, however, sees the money Housing Authority and the city of Memphis in has leverage in the state’s role as the continue to pursue at least for now. issue a different way. He points to the the development, construction, management major funder of public education. “I think it’s clear that this entire passage of sales tax hike referendum and operation of safe and affordable housing. “The question we have in this controversy was born of politics,” questions in each of the suburban Fairway Manor, a Low Income Housing community is how do you educate Hoover said. “It’s grown up in a political towns and cities in August and the Tax Credit and Tax-Exempt Bond project, is 150,000 people in an efficient effective conversation. It would be terrific to get failure of a countywide sales tax hike slated to kick off in January and be completed and an accountable way? What is the the politics out of the conversation and with half of the funding going to educa- within one year. The site is part of the former structure that can do that?” Kyle said talk about what’s best for the children. tion among city voters and those in site of Graves Manor, a dilapidated public on the WKNO-TV program “Behind The “Never lose sight of the fact that the unincorporated Shelby County on the housing community that was demolished Headlines.” money that flows from the state and the November ballot. several years ago. “I think what the process needs is county is a significant component of Tennessee Gov. Bill Haslam is giving Brian Campbell, project manager with an honest broker. He is our state educa- this discussion.” much the same response he gave in Chris Woods Construction, called it “a pretty tion commissioner. He does have a skill It is that state funding, a far larger 2012 when reporters asked what his accelerated project.” set that would be very valuable, and I share of funding to any school system stand would be on bills that seek to “We’ll be doing both phases concurrently,” think he would bring something to the in Shelby County than local funding, amend the relevant laws further. He Campbell said. “It’s not complex construction, table.” that Kyle said makes Huffman a better would rather that doesn’t happen, but it’s just getting all of the players on board and Kyle was on the show hosted by Eric mediator than even Mays – who tried his response to it would depend on scheduling everybody at the right time.” Barnes, publisher of The Daily News, unsuccessfully to mediate a settlement what legislators send to his desk. It’s also tricky to commence a construc- with Ken Hoover, a member of the Ger- on the municipal schools question He commented in Memphis Nov. tion project during the winter, Campbell said. mantown School Board.The program before his ruling last month. 29, the day before Kyle sent his letter “We’re starting it in the wet, cold time of can be seen on The Daily News Online, “Cases settle when people believe urging Huffman as a broker in talks and the year,” he said. “Getting site work going www.memphisdailynews.com. their risk of losing is at such a level that four days before Kyle went public with and foundations going this time of the year is There could be some attempt at they need to take what they can get,” the letter. always a challenge.” discussions along those lines this week. Kyle said. “What we’ve had for the last “There’s no way this hasn’t been a Past projects of Chris Woods Construction It is not known if Huffman will be a part two years are people who don’t think distraction. … I just can’t believe that it include those in the commercial, industrial, of those talks. they are going to lose. Until people feel hasn’t impacted student performance distribution and religious sectors. This is only The Germantown School Board that there’s a chance that what they in some way,” Haslam said. “I’m not the 27-year-old firm’s second multifamily was abolished along with the five other want to have happen isn’t going to hap- going to say we should totally preclude venture, secured by an interview process with municipal school districts by a Nov. pen – they are not going to talk.” any other action happening. I really Owen Reid, director of operations at Memphis 27 ruling by U.S. District Court Judge Kyle raised the possibility of Huff- want the focus to be let’s go back to Land Bank. Samuel “Hardy” Mays. man telling either or both sides in the teaching in the classrooms.”

government Concerns Continue Over Heritage Trails TIF bill dries | The Memphis News meeting of the agency board in response the proposal is being built around. city when it ended its annual payment to to questions from the public at the meet- “Mr. Swift explained that TIFs are very the Memphis City Schools.” ing about the process the redevelopment expensive,” read the minutes from the Nov. The city’s Heritage Trails plan, which agency will use in approving the city 27 review committee meeting compiled by is still forming, is drawing fire from other helby County officials have reserva- request and any past decisions made. Josh Whitehead, planning director for the quarters over the likelihood it will call for tions about plans to create a tax in- The review committee includes Memphis-Shelby County Office of Plan- the demolition of the Foote Homes public Screment financing zone for the city’s non-elected city and county officials and ning and Development. housing project, the last large public hous- proposed Heritage Trails development administrators who work with the agency “They are designed so the project sup- ing project in the city that is still standing. area. The reservations prompted county board but are not on the board. Because ports the TIF,” the minutes read. “Here, Leading the opposition is University of finance experts to move a recommenda- only one member of the Community Foote and Cleaborn Homes do not support Memphis urban planning professor Ken tion against the proposed tax increment Redevelopment Agency board attends the the TIF. In fact, it is anticipated that they Reardon and the Vance Avenue Collabora- financing district to a private committee review committee sessions, they are not will receive PILOTs from the city of Mem- tive effort he coordinated, which favors meeting last month. considered open meetings under state law. phis Health, Educational and Housing keeping and renovating the public housing The minutes of the TIF Review Com- Shelby County Finance Director Mike Facility Board, so very little TIF increment development. mittee of the Memphis-Shelby County Swift moved to recommend against the will be produced on the project for which Shelby County Chief Administra- Community Redevelopment Agency were TIF district favored by the city to finance the TIF is created.” tive Officer Harvey Kennedy said County made public after agency chairman Mike public improvements in the district, which Swift also reminded the group of new Mayor Mark Luttrell is awaiting a proposal Frick requested a public copy of the min- is much lager than just the two South funding obligations the county will have for Heritage Trails from City Hall that is set utes. Frick made the request at the Dec. 6 Memphis public housing project sites that in the future, including “the gap left by the in stone. www.thememphisnews.com December 14-20, 2012 31

Newsmakers Inherent Writer Brown Joins Doug Carpenter Dangers Of DIY Marketing KATE SIMONE | The Memphis News When you own or operate a small or mid-sized company, you likely have an in- nate sense of self-reliance. It’s that desire to Andria Brown has joined doug carpenter & associates llc as copy- get things done on your own that probably got writer, responsible for creating concepts and copy for online, print, you to where you are today. That same drive broadcast, direct mail and other forms of communication for clients. to maintain unencumbered control, however, may be inhibiting your Hometown: Minnetonka, Minn., by the firm’s commitment to creativity growth when it comes way of Detroit, Pittsburgh, and Chi- and originality, both in their work and to the development cago in the way they see Memphis. I was and execution of your moving from an established corpo- marketing strategy. Education & Experience: Bachelor rate environment, so I was intrigued While seemingly coun- in English from Northwestern Univer- by the idea of joining an organization terintuitive, here’s why sity; 15 years as a professional writer that was using decades of combined this is often the case. and 10 years providing independent knowledge to create a fresh, distinc- First and foremost, public relations services with a back- tive entity. Lori turner- as business owners brown wilson ground in technology, insurance, retail guerrilla sales and operators, it’s and the arts. What do you consider your great- and marketing almost impossible to est accomplishment? In 2005, I took Wilder Hubbard has joined have an unbiased per- Family: Locally, my daughter Mer- over a retail store that catered to new doug carpenter & associates llc spective on your business, and objectivity is edith, 9, my son Abraham, 5, and a mothers and had seen me through as director of creative imple- essential to effective marketing. Your strategy mentation. Wilder will oversee large Memphis family-by-choice. my own early motherhood. The store should be built on a foundation of market re- production and fulfillment as closed in 2008, but I’m still told by search – understanding what customers and well as manage quality control Who has had the greatest influ- former customers how much it meant prospects see as your differentiators, how they and brand guideline standards ence on you? Nearly everything I do, to them. I’m grateful that I had the perceive your service experience, how they see for all the agency’s clients. for better or worse, can be tracked in chance to be of some use at such a your company stacking up against competi- some way to my parents. I’m either critical time in their lives. tors, and what factors influence their purchase Linda Bourgeois and Mary- following their example or conscious decisions. In conducting your own research, ann Holman of the Travel Lead- that I’m diverging from it. What do you most enjoy about your your inevitable bias will no doubt influence the ers agency at 6445 Poplar Ave. work? Every day, I’m excited to see results. have been honored with a 2012 What attracted you to doug car- what happens next. I think that’s the Good marketing is part art and part sci- Travel Leaders Agency of Excel- penter & associates? I was drawn to best sign that I’m in the right place. ence, and it takes experience to master. In a lence award. The awards are cluttered marketplace where consumers are presented to Travel Leaders inundated with advertising, you need a special franchisees based on their lead- kind of creativity to persuade prospects to ership and business success. take action. Many small to mid-sized companies simply Larry Hilbun has been can’t cost justify the hiring of a seasoned named Lifeblood board chair- marketing professional. While it may seem like man. Hilbun previously served a smart cost-saving measure to manage your as the organization’s vice chair- marketing yourself, it may be costing you more man and secretary of the board. than you think. Compare cost savings to the opportunity cost – the new business you’re Wiseman Ashworth Law Group PLC, which operates a leaving on the table by deploying less-than- Memphis office, has received effective marketing. a first-tier ranking in the 2012- Business owners are most likely to priori- 2013 U.S News-Best Lawyers tize their time according to their skill set. If “Best Law Firms” ranking in you’re a CPA, you’ll naturally gravitate towards both the medical malpractice financial tasks. Firm marketing is likely to and personal injury litigation rarely be your priority and will therefore suffer. defense categories. Being the “best kept secret” in the market won’t keep the checks coming in. Chad Green has joined the When you’ve “birthed” a company, you can Cordova office of Ameriprise find yourself so close to it that you may find Financial Services Inc. as a fi- it hard to talk about your differentiators in a nancial adviser. Green will help concise way. A more objective vantage point is clients plan for financial goals needed to streamline your message, especially through personal, long-term fi- for advertising, into a digestible sound byte. nancial planning relationships. The late founder of IBM, Tom Watson, once said, “Nothing happens until a sale is made.” SRVS has won a gold Mar- Marketing drives sales and is the lifeblood of Com Award in the publications- your organization. You would never hire a der- brochure category. MarCom matologist to conduct heart surgery, so why Awards honor outstanding would you want anything less than a specialist achievements by marketing and for your business, which is probably near and communications professionals. dear to your heart? While your unique entrepreneurial talents The Greater Memphis no doubt serve you well in other areas of your Chamber communication and business, don’t let these traits work against programming team has won you when it comes to growing your company three MarCom Awards: The through deployment of an objective, concise, Chamber’s website won a plati- well-planned and executed marketing strategy. num award; and the Chamber Lori Turner-Wilson is an award-winning Beat Weekly e-newsletter and columnist and CEO/Founder of RedRover Sales Memphis Crossroads Magazine: & Marketing, www.redrovercompany.com. Young Memphis 2012 each won a gold award. 32 December 14-20, 2012 www.thememphisnews.com

law & the courts health care & biotech Association For Women Attorneys To Critical Care

Hold Annual Banquet michael waddell | Special to The Memphis News

ANDY MEEK | The Memphis News

he Association for Women Attorneys is holding its annual banquet next month, Tand it will include a silent auction, cocktail reception, dinner and program as well as an honor presented to a Memphis judge. The annual event raises money for the as- sociation’s scholarship fund. Also, the Marion Griffin-Frances Loring Award, which is given for outstanding achievement in the legal profession, will be presented to U.S. Bankruptcy Judge Pau- lette Delk, the recipient chosen by the associa- tion’s board. This year, the event will be held Jan. 17 at the Tower Center at Clark Tower. The current associa- tion president is Emily Campbell Taube, a partner at Adams and Reese LLP, and upcoming president is Frances Riley, with the bankruptcy court office in Memphis. The cocktail hour and silent auction will begin at 5:30 p.m., with dinner and the program starting at 6:45 pm. Tickets are $60 for association members, $70 for nonmembers and $40 for law Photo: Lance Murphey students. Technician Travis Jenkins exits an entrance lock on a hyperbaric chamber at The MED. The Hyperbaric Facility, within The association has a board that meets the Regional Medical Center’s Wound Care Center, has received full accreditation from the Undersea and Hyperbaric Medical Society. regularly, and the group’s goals include raising money for a scholarship fund as well as promot- ing certain events with the bar and with the local After earning three-year accreditation, Regional Medical Center legal community. At the previous annual banquet, held earlier at Memphis’ hyperbaric chamber to be upgraded this year, scholarship chair Anita Lotz, an attorney with Farris Bobango Branan PLC, made the an- s it passes 20 years of ser- hyperbaric chamber before unani- search Hospital. For those that have nouncement that scholarships for the year were vice in the Mid-South, the mously approving the chamber for had radiation treatment, a side effect up $500 over last year and totaled $7,500. Also at Ahyperbaric facility within the accreditation this month. is the closing off of blood vessels, that event, Taube addressed attendees and shared Regional Medical Center at Memphis’ There are approximately 200 causing something as simple as hav- some of her thoughts about the group’s direction. Wound Care Center recently received multi-place chambers in the U.S., ing a tooth pulled to be problematic Taube said she hoped this year to see the a full three-year accreditation from and the one at The MED is only the because the wound in the mandible association enhance its presence and impact in the Undersea and Hyperbaric Medi- second in Tennessee to receive ac- can have trouble healing due to de- the Memphis area and local legal community, cal Society, and the hospital plans to creditation and the only hyperbaric creased blood supply. including by increasing and diversifying member- perform upgrades next year that will chamber in the area to be accredited “Another wound that is an ap- ship to include attorneys from all sectors of the increase efficiencies and improve by the society. Overall, The MED hy- proved indication for treatment in profession. patient experiences. perbaric chamber is the 145th facility the chamber would be diabetic foot “Some of the women are in the private sector The facility’s 12-person hyperbar- in the U.S. to receive the distinction. ulcers where the reason the wound practicing law, and some are in corporations,” ic chamber, which cost $1.8 million Hyperbaric oxygen therapy is is not healing is the lack of oxy- said Keating Lowery, an attorney with Lawrence & in 1991, is the largest of its kind in the used to treat a myriad of ailments at gen,” King said. “You need a certain Russell PLC who is on the association’s board and state of Tennessee. The MED began the Wound Care Center, including amount of oxygen for the cells that is a co-chair of the banquet. “It’s a way for women using hyperbaric oxygen in 1991 with acute air or gas embolisms, carbon create new tissue to work and for to get together and support each other in practic- three single-patient chambers and monoxide poisoning, cyanide poi- white blood cells to fight infection. ing law and also helping the community and legal upgraded to the larger, submarine- soning, crash injuries, decompres- In some diabetics, their circulation is community, as well. like chamber in 1993. Conditions sion sickness, anemia, gas gangrene, so poor that the tissue does not get “We had a golf tournament this year at Mir- inside the chamber are pressurized to necrotizing soft tissues infections, enough oxygen to be able to heal.” imichi that was a great success, had good turnout, provide treatment of acute, chronic and radiation necrosis. The Wound Center treats an esti- and raised money for the scholarship fund. We and non-healing wounds. “Treatments last about 110 min- mated 750 to 800 patients per month, also have the annual banquet. We just had a “We wanted a facility that could utes,” said Bud Rannou, hyperbaric and the hyperbaric chamber dives as judicial reception for a holiday gathering, and we treat critical care patients and we facility technician, who explained many as 10 patients per day now and offer continuing education classes. We also have a wanted one that was large enough many treatments take place at a as many as 27 patients per day before mentoring program, where association attorneys so we could put in multiple stretcher compression depth of 45 feet. “We Medicare restrictions of the 1990s. work with students.” patients and have room for a critical have the capability to get to 165 feet, Over the past two decades, Medi- The association’s purpose includes supporting care nurse and a physician to be in which is three atmospheres, for Type care has placed more restrictions on law colleagues in some of the challenges they face there with them,” said Dr. Stephen II decompression sickness or an arte- reimbursements for treatment. as women and attorneys. They do that through King of the Wound Center, a regional rial gas embolism.” “Since 1992 there’s been a rash of ways including mentoring association student referral center for wound care and The MED regularly receives changes in reimbursement, which chapter members and by promoting public ser- hyperbaric oxygen therapy for the calls from Fort Campbell, Ky., when has tightened restrictions on treat- vice in the community, including the association’s treatment of acute, chronic and non- special forces units conduct diving ment of the problem wounds and sponsorship of Dress for Success. healing wounds. operations for the U.S. Army Corps of lowered the population that go into In an effort to support aspiring attorneys, The accreditation system began Engineers and from Columbia, Miss., the chamber,” Rannou said. the association conducts fundraising activities, in 2005. A survey team from the when the U.S. Air Force conducts Next year a 32-inch flat screen such as continuing legal education seminars and Undersea and Hyperbaric Medical rapid decompression training exer- LCD television will be added inside a silent auction at its annual dinner, providing Society comprised of a physician, cises for pilots. the chamber to increase patient scholarships to the University of Memphis Cecil nurse and technician spent two days The center also treats many comfort. C. Humphreys School of Law. reviewing and surveying The MED’s children from St. Jude Children’s Re- www.thememphisnews.com December 14-20, 2012 33

TOURISM Musical Heritage

BILL DRIES | The Memphis News

here was a moment at the Greater Memphis Chamber’s annual lun- Tcheon Wednesday, Dec. 12, when the large crowd at The Peabody hotel got a sense for how much depth the city’s musical heritage has and what a complex story it can be. The moment came during a video about the history of Stax. Narrated by Stax front office veteran Deanie Parker, with fellow Stax veterans David Porter and Al Bell in the audience, Parker specifically pointed out that the South Memphis record label and studio was “forced into involuntary bankruptcy” by Union Planters National Bank. The specificity was noticed despite Parker’s even tone in a group that almost certainly included some one-time execu- tives of the former bank. It drew some laughter and scattered applause from the audience. And it demonstrated how the city’s musical heritage continually reaches into the present. The corner of Third Street and Gayoso Avenue, just outside the walls of The Pea- body, bears a new street sign that marks Photo: Lance Murphey the first stop on what is planned to be the Eric Martin takes a photo of artwork by artist George Hunt, which lines the west wall of the Peabody Place parking garage. city’s version of a “Highway 61 Blues Trail.” The state of Mississippi already has “Sittin’ out here on Highway 61,” con- hound bus terminal near where Morris blues was practiced nearby. Ten panels of one. Third Street Downtown was once a temporary blues artist Blind Mississippi and Webb were entertaining. The terminal paintings by Memphis artist George Hunt part of U.S. 61 until some modern-day Morris sang as guitarist Brad Webb played closed earlier this year and moved to a are part of the western wall of the parking rerouting. So Third Street became an hon- on the corner as dignitaries gathered last new terminal near Memphis International garage. Hunt is best known for the colorful orary part of U.S. 61 with City Council and month to mark the occasion. “Waitin’ on Airport. As Morris and Webb played, the images that are the posters for the Mem- Tennessee General Assembly resolutions the Greyhound bus to run.” crowd gathered on the west side of the phis In May Beale Street Music Festival. that re-establish an honorary link to the The buses that Morris sang about and Peabody Place parking garage was almost “I can’t play an instrument,” Hunt said. highway that figures prominently in the that Robert Johnson, the most enigmatic certainly unaware the stretch of Gayoso “I don’t know a half note from a whole mythology of the blues. of the bluesmen, evoked in his classic was once home to several brothels. Today, note. But I’ve always loved the music. I The trail marker with a still developing tale of musicians selling their souls at the there are no indications anyone ever lived hope that more people come and enjoy trail is part of an effort to claim another crossroads, still run on U.S. 61. But they there. But the blues trail marker comes the music that was given birth here by W.C. part of the city’s musical geography. don’t run anymore from the old Grey- with some reminders that the art of the Handy.”

LOGISTICS Delta Buys Stake in Virgin Atlantic, Holds Investor Day

MICHAEL WADDELL | Special to The Memphis News Virgin Group, led by the British billion- within our family as the Rodney Danger- maintenance on the aging 50-seat planes. aire Sir Richard Branson, still controls a 51 field of the fleet. It can’t get respect from Last week Delta announced an order percent majority in Virgin Atlantic. anyone,” said Edward H. Bastian, presi- for an additional 40 CRJ-900s, and it plans Delta held its first investor day in 2007, dent of Delta. to increase its two-class RJ inventory from n the heels of agreeing to buy a and this year’s event featured details on The move will affect flights between 219 planes in 2009 to 295 by 2015. 49 percent stake in Virgin Atlantic the ongoing restructuring of Delta’s fleet Memphis and Birmingham. Overall, Delta will increase its mainline Ofrom Singapore Airlines for $360 as part of its domestic fleet optimization “As we refleet the airline and re-en- aircraft total from 594 planes in 2009 to 675 million on Tuesday, Delta Air Lines Inc. plan. gineer it to be more efficient, we believe mainline aircraft in 2015. held its annual investor day conference The airline announced in June that it that by eliminating the 50-seat regional jet The new Virgin deal gives Delta chance on Wednesday, Dec. 12, in Atlanta and will introduce 88 Boeing 717-200 aircraft to service between Birmingham and Mem- to acquire a fully refurbished fleet from detailed the restructuring of its fleet, which its fleet starting next year. Delta, which will phis and upgauging the Birmingham to Virgin, and it enables Delta to refleet and will affect flights between Memphis and lease the planes from Southwest Airlines Atlanta service to be on medium-sized RJs operate at the same capacity with many Birmingham. Co., will take delivery of 16 Boeing 717s in or smaller, narrow bodies like the 717s we fewer airplanes. Anderson called it a “per- The $3 billion transatlantic joint 2013, 36 in 2014 and the remaining 36 in will be able to produce a product that is fect trade” for Delta. venture with Virgin Atlantic will give Delta 2015. not only more appealing to our customer “The important thing about our fleet more access at London’s Heathrow Airport, “The 717 opportunity popped up. … base but also will be much more efficient plan is when you own 90 percent of your one of the world’s busiest hubs. Takeoff If you saw the prices and the capital, you for us to produce,” said Glen W. Hauen- fleet and you have a large number of air- and landing rights are limited because would say you could never pass that deal,” stein, Delta executive vice president of planes that are fully depreciated without of high demand and tight capacity. Delta Delta CEO Richard Anderson said in the network planning, revenue management a monthly payment you can manage your and Virgin will now have a combined 25 investor day webcast. and marketing. capacity to match supply and fuel prices,” percent share of flights between the overall Delta plans to reduce its fleet of 50-seat The airline will save $400 million to Anderson said. “We do not get focused U.S. and Heathrow and 37 percent share RJs from 474 in 2009 to only 125 by 2015. $500 million in maintenance costs over the on one supplier or another supplier or a between Heathrow and New York. “I affectionately refer to the 50-seat RJ next three years by not performing heavy certain fleet type.” 34 December 14-20, 2012 www.thememphisnews.com

Week of 12/3/12 - 12/9/12 crosswords The Weekly

Crossword Edited by Margie E. Burke The Weekly Crossword by Margie E. Burke ACROSS 1234 56789 10 11 12 13 1 Granola grain 14 15 16 5 Drink like a dog 10 Ducks and 17 18 19

geese 20 21 22 14 Untainted 15 Wipe away 23 24

16 Mental flash 25 26 27 28 29 30 31 17 Out of the blue 19 Prod into action 32 33 34

20 Social standing 35 36 37 21 Pressed for time 23 Pointillism unit 38 39 40

24 Insect's antenna 41 42 43 25 Vampire's curfew 44 45 46

27 Huff and puff 47 48 49 50 51 52 28 Texas Hold 'em round 53 54 55 32 Victorian, for 56 57 58 one 33 Heating conduit 59 60 61 34 Fanglike tooth Copyright 2012 by The Puzzle Syndicate 35 Leafstalk 37 First day of the month, in ancient 2 Bee, to Andy 31 Bowling lane 45 High spirits Rome Taylor button 46 Took a load off 38 Stressed out 3 Stay afloat 33 Army ID 47 Turkish title 39 Native of Kirkuk 4 Church bell 34 Deck item 48 Minuscule 40 Anonymous ringer 36 Heathen of sorts margin John 5 Belonging to Mr. 37 Extremist sect 49 Splashy party 41 Medium's card Majors 39 Cartel leader 50 Deuce topper 42 Embellish 6 Eyebrow shape 42 Biological 51 Field of study 43 Toothpaste 7 Role for a groups 52 Monthly ex- flavor "Grey's Anato- 43 Strand on an pense, for some 44 Sing the blues my" extra island 55 Period's place 46 Animal's pouch 8 Early online Answer to Last Week's Crossword 47 Captivating forum 50 Sauce for fish 9 Bicycle part PR I ME TOTAL COB 53 Castle feature 10 Lenox offering RADON I MAGO OWE 54 Bag of tricks 11 Glade's target EVENT MED I C ALL 56 Castaway's 12 Become frayed PEAGREEN TASSEL home 13 Beatles hit, OURS PALETTE 57 Threefold "____ Madonna" SAMOSA J ET LAG 58 Baker's need 18 Delay, with "off" WR I S T CONEY UFO 59 Back of the pack 22 Boston or Miami A I DE HOUND SA I D 60 Good with a paper P AW MANSE BURRO hammer 24 WeekFront of ofa clock 12/3/12 -EL 12/9/12 ICI T BORDER 61 Shipshape 25 Amtrak stop ARSEN I C KALE 26 Sports venue BET I DE MOD I F I ED DOWN 27 Whimper AVE SNEER V I CAR 1 Composer's 29 Vengeful CUR EDEMA AROSE work 30 ____ a high note KEN TALON RENEW

Sudoku Edited by Margie E. Burke  Edited by Margie E. Burke 12n-3p Difficulty : Easy HOWHOW TO TO SOLVE: PLAY Each row must contain the   numbers 1 to 9; each column must contain the numbers 1   to 9; and each set of 3 by 3 boxes must contain the   numbers 1 to 9.    Answer to Last Week's Sudoku                                        Copyright 2012 by The Puzzle Syndicate www.thememphisnews.com December 14-20, 2012 35

happenings

South will hold a board of commissioners will meet Thursday, Theatre Memphis will present “A Christmas holiday networking party Dec. 20, at 1:30 p.m. at the MLGW administra- Carol” through Dec. 23 at the theater, 630 Tuesday, Dec. 18, from tion building, 220 S. Main St. Visit mlgw.com Perkins Road Extended. Visit theatrememphis. The Humane Society of 7:30 a.m. to 9 a.m. at for an agenda. org for times and tickets. bureau’s offices, 3693 Memphis and Shelby Tyndale Drive. Cost is The Figure Skating Club of Memphis will The Circuit Playhouse will present “The » free for BBB-accredited present “How the Grinch Stole Christmas” Santaland Diaries” through Dec. 23 in Circuit’s County will host Vaccination businesses and their Saturday, Dec. 22, at 7 p.m. at Mid-South Ice Memphian Room, 51 S. Cooper St. Visit play- guests. R.S.V.P. to Cheryl House, 10705 Ridgeway Industrial Road in houseonthesquare.org for times and tickets. Station, a low-cost pet vaccination Stewart at cstewart@ Olive Branch. Tickets are $5. Visit midsouthice- bbbmidsouth.org or 757- house.com. Memphis Arts Collective will host its 2012 event, Saturday, Dec. 15, from 9 8603 by Friday, Dec. 14. Holiday Artist Market through Dec. 24 at 1501 Union Ave. Hours are 10:30 a.m. to 6:30 p.m. The Rotary Club of » the arts Mondays through Thursdays and Saturdays, a.m. to 1 p.m. at the southwest Memphis East will meet Germantown Performing Arts Centre will 10:30 a.m. to 7:30 p.m. Fridays and noon to Wednesday, Dec. 19, at host a reception for Van M. Phillips’ “The Art 5 p.m. Sundays. Visit memphisartscollective. corner of Linden Avenue noon at The Racquet of Dance: Tripping the Light Fantastic in Oils com. Club of Memphis, 5111 and Photographic Imagery” exhibit Friday, and Lauderdale Street. Visit Sanderlin Ave. Ambas- Dec. 14, from 7 p.m. to 9 p.m. at GPAC, 1801 Unveil South Main features 20 local and sadorial scholar Nathan Exeter Road. The exhibit will run through Jan. regional artists who will exhibit collections at memphishumane.org for a list of Ramira will speak. Cost 4. For more information about the exhibit, visit South Main retailers and restaurants through is $17. R.S.V.P. to Lee gpacweb.com. Dec. 19. Visit unveilsouthmain.com. vaccinations and costs. Hughes at lmhughes@ bellsouth.net. Poplar Pike Playhouse will present “The The Circuit Playhouse will present “Ken Secret Affairs of Mildred Wild” through Dec. 15 Ludwig’s ’Twas the Night Before Christmas” Kiwanis Club of at the theater, 7653 Old Poplar Pike. Visit ppp. through Dec. 30 at Circuit, 51 S. Cooper St. Memphis will meet org for times and tickets. Visit playhouseonthesquare.org for times and Wednesday, Dec. 19, tickets. » Community from noon to 1 p.m. at Germantown Community Theatre will LightWave Solar will host a lunch & learn The University Club of Memphis, 1346 Central present “The Best Christmas Pageant Ever” Playhouse on the Square will present “Annie” titled “How Solar Can Work for Your Home or Ave. Cost is $25 for nonmembers. through Dec. 16 at the theater, 3037 Forest through Dec. 30 at Playhouse, 66 S. Cooper St. Business” Friday, Dec. 14, from noon to 1 p.m. Hill-Irene Road. Visit germantowncommunity- Visit playhouseonthesquare.org for times and in the River Tower at South Bluffs clubhouse, The Memphis Area Association of Real- theatre.org for times and tickets. tickets. 655 Riverside Drive. R.S.V.P. to Grace Rob- tors will hold its annual honors and awards ertson at [email protected] or luncheon Wednesday, Dec. 19, from 11:30 The Orpheum Theatre will present “Jersey Germantown Performing Arts Centre will 615-641-4050, ext. 104. a.m. to 1 p.m. at the Holiday Inn University of Boys” through Dec. 16 at the theater, 203 S. host Laura Schriner’s “Southern Impressions” Memphis, 3700 Central Ave. MAAR will honor Main St. Visit orpheum-memphis.com or call art exhibit at GPAC, 1801 Exeter Road, through Downtown Memphis Commission will its 2012 committee chairman and announce 525-3000 for showtimes and tickets. Jan. 4 in the GPAC lobby. Visit gpacweb.com. host a concert by the Tennessee Mass Choir the Realtor of the Year, Realtor-Associate of Saturday, Dec. 15, at 3 p.m. in AutoZone Park’s the Year and Affiliate of the Year. Cost is free Tennessee Shakespeare Co. will present “It’s Gallery Ten Ninety One will hosts the exhibit Rockeyfeller Plaza, 200 Union Ave. Visit down- for members. Contact Katie Shotts at katie. a Wonderful Life: A Live Radio Play” through “A Minute and a Half of Summer: Ninety Min- townmemphis.com. [email protected] or 818-2435. Sunday, Dec. 16, at the Dixon Gallery & Gar- iatures by Mary Norman,” at the gallery, 7151 dens Winegardner Auditorium, 4339 Park Ave. Cherry Farms Road in WKNO Digital Media The Better Business Bureau of the Mid- The Memphis Light, Gas and Water Division Visit tnshakespeare.org. Center, through Jan. 17. Call 458-2521.

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publicpublic noticesnotices

Foreclosure Notices of the premises might disclose. In addi- in Deed Book 455, Page 491, Reg- subject to all matters shown on any ap- certain without further publication, upon tion, the following parties may claim an ister’s Office for Madison County, plicable recorded plat; any unpaid taxes; announcement at the time and place Madison County interest in the above-referenced prop- Tennessee. any restrictive covenants, easements, or for the sale set forth above. W&A No. erty: Dorothy Horton; James L. Horton This is improved property known as 767 setback lines that may be applicable; 1286‑228102 a/k/a James Horton; FirstBank Cooper Anderson Rd, Jackson, TN any statutory rights of redemption of any DATED December 11, 2012 NOTICE OF TRUSTEE’S SALE The sale held pursuant to this Notice If there is any discrepancy with the governmental agency, state or federal; WILSON & ASSOCIATES, P.L.L.C., WHEREAS, default has occurred in the may be rescinded at the Successor street address, the legal description any prior liens or encumbrances as well Successor Trustee performance of the covenants, terms, Trustee’s option at any time. The right will control. as any priority created by a fixture -fil FOR SALE INFORMATION, VISIT WWW. and conditions of a Deed of Trust Note is reserved to adjourn the day of the At the time of this publication, the ing; and to any matter that an accurate MYFIR.COM and WWW.REALTYTRAC. dated September 5, 2007, and the Deed sale to another day, time, and place § 35‐5‐117 notice of the right to survey of the premises might disclose. COM of Trust of even date securing the same, certain without further publication, upon foreclose was timely forwarded. The In addition, the following parties may Dec. 14, 21, 28, 2012 Fhn11401 recorded September 6, 2007, at Book announcement at the time and place sale of the property described in said claim an interest in the above-referenced T1811, Page 1 in Office of the Register of for the sale set forth above. W&A No. Deed of Trust shall be subject to any property: Issac H. Brooks Jr.; AmSouth Deeds for Madison County, Tennessee, 791‑225639 and all instrument of record, prior Bank; Ethel Marie Brooks; Bancorp‑ executed by Dorothy Horton and James DATED November 30, 2012 liens, encumbrances, deeds of trust, South dba Credit Card Center; FIA Card Foreclosure Notices L. Horton a/k/a James Horton, convey- WILSON & ASSOCIATES, P.L.L.C., easements, restrictions, building lines, Services, NA; Capital One Bank (USA), ing certain property therein described to Successor Trustee unpaid taxes, assessments, penalties NA; AmSouth Bank; Portfolio Recovery Tipton County Larry A. Weissman as Trustee for Mort- FOR SALE INFORMATION, VISIT WWW. and interest, if any. All right and equity Associates LLC gage Electronic Registration Systems, MYFIR.COM and WWW.REALTYTRAC. of redemption, homestead, dower and The sale held pursuant to this Notice Inc., as nominee for SunTrust Mortgage, COM all other exceptions are expressly may be rescinded at the Successor NOTICE OF FORECLOSURE Inc., its successors and assigns; and Dec. 7, 14, 21, 2012 Fhn11397 waived in said Deed of Trust, and the Trustee’s option at any time. The right AND SUBSTITUTE TRUSTEE’S SALE the undersigned, Wilson & Associates, title is believed to be good, but the is reserved to adjourn the day of the Default having been made in the P.L.L.C., having been appointed Suc- NOTICE OF FORECLOSURE Substitute Trustee will convey and sell sale to another day, time, and place terms and conditions of payments, cessor Trustee. AND SUBSTITUTE TRUSTEE’S SALE only as Substitute Trustee. The right is certain without further publication, upon pursuant to a certain Deed of Trust NOW, THEREFORE, notice is hereby Default having been made in the terms reserved to adjourn the day of the sale announcement at the time and place executed by Isaac Peete and Holly given that the entire indebtedness has and conditions of payments, pursuant to another day or time certain without for the sale set forth above. W&A No. Peete, husband and wife, to Danny been declared due and payable; and to a certain Deed of Trust executed by further publication, upon announce- 700‑203098 Goulder, Trustee, dated the 2nd day of that an agent of Wilson & Associates, David M. Elder and wife, Darlene Elder, ment at the time for the above. DATED December 4, 2012 May, 2005 and being of record in Book P.L.L.C., as Successor Trustee, by virtue to Transcontinental Title, Trustee, dated Other interested parties: WILSON & ASSOCIATES, P.L.L.C., 1203, Page 585, Register’s Office for of the power, duty, and authority vested the 18th day of May, 2006 and being This 5th day of December, 2012. Successor Trustee Tipton County, Tennessee, referred to in and imposed upon said Successor of record in Book T1761, page 142, William Timothy Hill, Substitute FOR SALE INFORMATION, VISIT WWW. herein as the deed of trust, debts and Trustee will, on January 3, 2013 on Register’s Office for Madison County, Trustee MYFIR.COM and WWW.REALTYTRAC. obligations having been assigned by or about 11:00 A.M., at the Madison Tennessee, referred to herein as the Dec. 7, 14, 21, 2012 Fhn11399 COM MERS as nominee for Solstice Capital County Courthouse, Jackson, Tennes‑ deed of trust, debts and obligations hav- Dec. 14, 21, 28, 2012 Fhn11400 Group, Inc. at Book T1929, Page 536, see, offer for sale certain property here- ing been assigned by MERS as nominee NOTICE OF TRUSTEE’S SALE which conveyed certain real property, inafter described to the highest bidder for Solstice Capital Group, Inc. at Book WHEREAS, default has occurred in the NOTICE OF TRUSTEE’S SALE appurtenances, estate, title and interest FOR CASH, free from the statutory right T1929, Page 536, which conveyed performance of the covenants, terms, WHEREAS, default has occurred therein in trust to secure the indebted- of redemption, homestead, dower, and certain real property, appurtenances, and conditions of a Deed of Trust Note in the performance of the covenants, ness described therein, which indebted- all other exemptions which are expressly estate, title and interest therein in trust dated March 29, 2006, and the Deed of terms, and conditions of a Deed of ness is now due and unpaid and has waived in the Deed of Trust, said property to secure the indebtedness described Trust of even date securing the same, Trust Note dated July 17, 2008, and been declared in default by the lawful being real estate situated in Madison therein, which indebtedness is now due recorded April 3, 2006, at Book T1748, the Deed of Trust of even date securing owner thereof, HSBC Mortgage Services, County, Tennessee, and being more and unpaid and has been declared in Page 525 in Office of the Register of the same, recorded July 18, 2008, at Inc. Appointment of Substitute Trustee particularly described as follows: default by the lawful owner thereof, Deeds for Madison County, Tennessee, Book T1838, Page 11 in Office of the having been duly executed by the holder Beginning at an iron pin on the East HSBC Mortgage Services, Inc. Appoint- executed by Issac H. Brooks, Jr. and Register of Deeds for Madison County, of the note and beneficiary of said Deed margin of Rochelle Road (30 feet at ment of Substitute Trustee having been Ethel Marie Brooks, conveying certain Tennessee, executed by Blair E. Rauchle of Trust, and appointing William Timothy right angles from centerline) at the duly executed by the holder of the note property therein described to FMLS, and Skyler Rauchle, conveying certain Hill as Substitute Trustee. Northwest corner of Eligo Fuller as and beneficiary of said Deed of Trust, Inc. Davidson County as Trustee for property therein described to Andrew NOW, THEREFORE, I, William Timothy recorded in Deed Book 472, Page and appointing William Timothy Hill as AmSouth Bank; and the undersigned, D. Pierotti as Trustee for Mortgage Hill, Trustee, pursuant to the said Deed 199, in the Register’s Office of Madi‑ Substitute Trustee. Wilson & Associates, P.L.L.C., having Electronic Registration Systems Inc. a of Trust, having been requested by the son County, Tennessee; thence with NOW, THEREFORE, I, William Timothy been appointed Successor Trustee. seperate corporation acting soley as a owner and holder of said indebtedness the East margin of Rochelle Road Hill, Trustee, pursuant to the said Deed NOW, THEREFORE, notice is hereby nominee for Commercial Bank & Trust so to do, by virtue of the authority and North 29 degrees 05 minutes West of Trust, having been requested by the given that the entire indebtedness has Company and Commercial Bank & Trust power vested in me by said deed of trust a distance of 164.34 feet to an iron owner and holder of said indebtedness been declared due and payable; and Company’s Successors and Assigns; and appointing of Substitute Trustee pin at a corner of Whit Lafon; thence so to do, by virtue of the authority and that an agent of Wilson & Associates, and the undersigned, Wilson & Associ- will on the 4th day of January, 2013, North 89 degrees 11 minutes 50 power vested in me by said deed of trust P.L.L.C., as Successor Trustee, by virtue ates, P.L.L.C., having been appointed at 12:00 noon, on the front door of the seconds East a distance of 615.21 and appointing of Substitute Trustee will of the power, duty, and authority vested Successor Trustee. Tipton County Courthouse, Covington, feet to a point in the centerline of a on the 4th day of January, 2013, at 12:00 in and imposed upon said Successor NOW, THEREFORE, notice is hereby Tipton County, Tennessee, sell at public ditch; thence with said ditch South noon., on the front door of the Madison Trustee will, on January 10, 2013 on given that the entire indebtedness has outcry to the highest bidder for cash (or 01 degree 27 minutes 10 seconds County Courthouse, Jackson, Madison or about 11:00 A.M., at the Madison been declared due and payable; and credit upon the indebtedness secured, if East a distance of 157.15 feet to County, Tennessee, sell at public outcry County Courthouse, Jackson, Tennes‑ that an agent of Wilson & Associates, the holder is the successful purchaser) a point at the Northeast corner of to the highest bidder for cash (or credit see, offer for sale certain property here- P.L.L.C., as Successor Trustee, by virtue the following described property located Fuller; thence with Fuller’s North line upon the indebtedness secured, if the inafter described to the highest bidder of the power, duty, and authority vested in Tipton County, Tennessee, to wit: North 89 degrees 29 minutes West a holder is the successful purchaser) the FOR CASH, free from the statutory right in and imposed upon said Successor Lot 81, Cottonwood Subdivision, Sec- distance of 539.28 feet to the point following described property located in of redemption, homestead, dower, and Trustee will, on January 10, 2013 on tion E, as recorded in Plat Cabinet E, of beginning. Madison County, Tennessee, to wit: all other exemptions which are expressly or about 11:00 A.M., at the Madison Slide 161, to which plat reference is ALSO KNOWN AS: 1363 Rochelle Beginning at a point in the Cooper waived in the Deed of Trust, said property County Courthouse, Jackson, Tennes‑ hereby made for a more particular Road, Jackson, Tennessee 38301 Anderson Road, the same being south being real estate situated in Madison see, offer for sale certain property here- description of said lot. Tax ID #034 The HB 3588 letter was mailed to 23 deg. 01’ West a distance of 191.5 County, Tennessee, and being more inafter described to the highest bidder 007.02 the borrower(s) pursuant to Tennessee feet from the north boundary line of particularly described as follows: FOR CASH, free from the statutory right Subject to subdivision restrictions at Code Annotated 35-5-117. This sale is Byron Cox and Louise Cox as described Being Lot Number 50 of The Fairways, of redemption, homestead, dower, and Book 858, Page 632, building lines subject to all matters shown on any ap- in Deed Book 123, Page 372, and by a plat of which appears of record in all other exemptions which are expressly and easements as recorded at Plat plicable recorded plat; any unpaid taxes; deed in Book 455, Page 491, in the Plat Book 6, Page 78 in the Reg‑ waived in the Deed of Trust, said property Cabinet E, Slide 161 of the Tipton any restrictive covenants, easements, or Register’s Office of Madison County, ister’s Office of Madison County, being real estate situated in Madison County Register’s Office. setback lines that may be applicable; Tennessee, to which reference is Tennessee. County, Tennessee, and being more BEING the same property conveyed to any statutory rights of redemption of any hereby made for a more particular ALSO KNOWN AS: 107 Southwind particularly described as follows: Isaac Peete and Holly Peete, h/w, by governmental agency, state or federal; description. Tax ID#034 007.02 Drive, Jackson, Tennessee 38305 Land lying and being in Madison deed in Deed Book 1203, Page 583, any prior liens or encumbrances as well BEING the same property conveyed to The HB 3588 letter was mailed to County, Tennessee, and being more Register’s Office for Tipton County, as any priority created by a fixture filing; David M. Elder and wife, Darlene Elder, the borrower(s) pursuant to Tennessee particularly described as follows, Tennessee. and to any matter that an accurate survey by deed dated recorded 12/26/85 Code Annotated 35-5-117. This sale is to‑wit: This is improved property known as Being Lot Number Two Hundred 397 Park St, Munford, TN Twelve (212), Phase II of Cedarbrook If there is any discrepancy with the Farms Subdivision, a plat of which street address, the legal description appears of record in Plat Book 10 at will control. Page 443‑444 in the Register’s Office At the time of this publication, the § of Madison County, Tennessee. 35‐5‐117 notice of the right to foreclose ALSO KNOWN AS: 16 Grove Hill Lane, was timely forwarded. The sale of the Jackson, Tennessee 38305‑1885 property described in said Deed of Trust The HB 3588 letter was mailed to shall be subject to any and all instrument the borrower(s) pursuant to Tennessee of record, prior liens, encumbrances, Code Annotated 35-5-117. This sale is deeds of trust, easements, restrictions, subject to all matters shown on any ap- building lines, unpaid taxes, assess- plicable recorded plat; any unpaid taxes; ments, penalties and interest, if any. All any restrictive covenants, easements, or right and equity of redemption, home- The standard for Mid-South real estate information since 1968. setback lines that may be applicable; any stead, dower and all other exceptions are statutory rights of redemption of any gov- expressly waived in said Deed of Trust, ernmental agency, state or federal; any and the title is believed to be good, but prior liens or encumbrances as well as the Substitute Trustee will convey and SaleS CoMpaRableS | ThouSandS of phoToS | CoMMeRCial pRopeRTy any priority created by a fixture filing; and sell only as Substitute Trustee. The right to any matter that an accurate survey of is reserved to adjourn the day of the sale pRofileS | CoMpleTe SaleS hiSToRy | SaleS & ConSTRuCTion the premises might disclose. In addition, to another day or time certain without the following parties may claim an inter- further publication, upon announcement aCTiviTy RepoRTS | and MuCh MoRe! est in the above-referenced property: at the time for the above. Blair E. Rauchle; Skyler Rauchle Other interested parties: Midland The sale held pursuant to this Notice Funding, LLC may be rescinded at the Successor This 5th day of December, 2012. Trustee’s option at any time. The right William Timothy Hill, Substitute Call 458-6419 or go to www.ChandlerReports.com is reserved to adjourn the day of the Trustee sale to another day, time, and place Dec. 7, 14, 21, 2012 Fhn11398 www.thememphisnews.com December 14-20, 2012 37

JANUARY / 11 – 13 / 2013public notices AT THE MUSEUM

BRITISH ARROWS AWARDS

THE BRITISH ARE COMING! PREVIEW NIGHT MOD PARTY! The Memphis Brooks Museum of Art goes completely mental with the British Arrows Awards, the best of the UK’s advertising ingenuity selected by top ad execs across the globe. From astounding stunts to hilarious spectacles, this 72-minute celebration of commercial creativity brings sold-out crowds of Anglophiles and advertising buffs to the Brooks year after year.

PREVIEW NIGHT + MOD PARTY FRIDAY, JANUARY 11 SCREENINGS: 7 & 9:30 PM / PARTY 7:30 – 9:30 PM

Attend either screening and gain entrance to our fi rst-ever Mod Party, which will include pints, bites, games, music from Mod Dance Party DJ Matty Pendleton, and more!

- $30 NON-MEMBERS 72 MINUTES OF PURE HILARITY! - $25 FOR BROOKS OR ADFED MEMBERS - $20 EACH FOR BULK PURCHASES OF 30 TICKETS OR MORE

ADDITIONAL SCREENINGS SATURDAY, JANUARY 12 & SUNDAY, JANUARY 13 2 PM EACH DAY

- $8 NON-MEMBERS - $6 FOR BROOKS OR ADFED MEMBERS - $5 EACH FOR BULK PURCHASES OF 30 TICKETS OR MORE

TICKETS: 901.544.6208 BROOKSMUSEUM.ORG FOLLOW US:

BRITISH ARROWS AWARDS TICKETS MAKE THE PERFECT STOCKING STUFFER! Auditorium sound system provided by Ninth Wave Audio / OVERTON PARK Video Design, generously sponsored by The Jeniam Foundation. 1934 POPLAR AVENUE TM MEMPHIS, TN 38104

PREVIEW NIGHT + MOD PARTY TICKETS - $30 NON-MEMBERS - $25 FOR BROOKS OR ADFED MEMBERS - $20 EACH FOR BULK PURCHASES OF 30 TICKETS OR MORE

TICKETS FOR SCREENINGS ONLY - $8 NON-MEMBERS - $6 FOR BROOKS AND ADFED MEMBERS - $5 EACH FOR BULK PURCHASES OF 30 TICKETS OR MORE 38 December 14-20, 2012 www.thememphisnews.com

opinion

Incentive Missteps Stymie Make 2013 a Year of Books Last week we shared more to children across Shelby County is a Our Economic Prosperity ways you can celebrate the holidays heroic feat. What is also impressive, while giving back at the same time. This from a business standpoint, is the cost week let us explore an easy way we can per book is only $1. So, $12 provides e are in the more about a lack of trust among our start planning ahead to make 2013 a books for one child for an entire year; midst of one of political community and which of them Year of Books by working with Shelby and $60 provides books for a child for those tough and have a seat on stage at the ground- County Books from Birth to the full five years that the necessary civic breaking than it does about objectively plant the seeds of literacy child is served by the pro- debates – no, not examining the merits of tax breaks or and help build a stronger gram. Many families do not the one about other incentives. Such an objective foundation for our future. know that they can actually schoolsW in our community. examination is going to be complex to Shelby County Books help the effort and enable some appreciable degree. Although we We are asking some complex and from Birth is a nonprofit the organization to reach proper questions about what should be would argue we have probably topped whose mission is to bring more children by donat- offered and what should not be offered out in terms of the complexity needed Dolly Parton’s Imagination ing the $60. Either way, to attract business growth and jobs to that is tolerable for sight consultants Library to the residents of Jeremy Park when it comes to making a the local economy. who drive the bus when it comes to giving back Shelby County. The orga- huge difference in the life If you have heard about this discus- business relocations. nization secures funding to provide an of a child, I think $12 or even $60 is a sion before and thought it had been Due diligence by the appointed age-appropriate book each month to manageable amount for an individual or resolved, we sympathize because we’re bodies that make the initial deci- children ages 0-5 that are registered in business to consider. reported on those past discussions and sions on such incentives shouldn’t be the program. Since their inception in There are also a number of easy the conclusions from our leaders that measured by how much paperwork 2005, more than 65,000 Shelby County ways to help Shelby County Books from we are now all on the same page and they get applicants to fill out. It should children have enrolled in the program, Birth through volunteerism. Volunteers have our act together. be measured by a sound basic analysis and more than 1,000 new registra- are needed to follow up on voicemails, We don’t. that should be available throughout the write thank you letters to donors We can’t when those on our side of process and hold up throughout the tions are added each month, fueled by the talks hurriedly take a deal through process. grassroots outreach in neighborhoods, and manage emails. They need help a pipeline with political ooze lining its If we take some of the needless childcare centers and literacy groups. entering enrollees into the Imagination entire length and insist there is no time hoops out of every part of the process I think it goes without saying for Library database, updating contact to crunch numbers independently of before and after that point, the needed readers of this column, that reading to information for families, and coordi- their experts – just approve the deal and complexity and accountability can be children is of paramount importance nating with birthing centers to deliver if it is a bad deal then we’ve learned a accommodated. We also need to go when it comes to building vocabulary, brochures. Plenty of opportunities also lesson for the next time. Except the next for a relative simplicity that is rapidly enhancing learning, preparing them for exist to assist with community events time, there still isn’t enough time to becoming extinct as we try to make success in school, and strengthening and group projects. truly analyze the numbers. incentives lift financial weight and carry the bond between parent and child. The I encourage you to learn more about There is, on the other hand, time for interlocking project parts they were more a parent talks and reads to their Shelby County Books from Birth by all manner of odd political behavior in- never meant to lift or carry. baby, the faster the child will learn. In visiting their website at www.books- cluding the double inquisition on both There are two choices here. Either fact, the report of the Commission on frombirth.org or by contacting their ex- sides of the Main Street Mall where city adjust the rules to allow for the kind of Reading states “the single most impor- ecutive director, Peter Abell, at pabell@ and county elected leaders can turn a projects and financial arrangements tant activity for building the knowledge booksfrombirth.org or 820-4501. Google search about a company with a that the local powers that be are now required for eventual success in reading Jeremy Park, director of the Lipscomb similar sounding name or any kind of trying to fit into the existing rules made is reading aloud to children.” Reading to Pitts Breakfast Club, can be reached at litigation at any point in the past into a for other kinds of projects. Or stop sub- a child also encourages them to associ- [email protected] and followed gauntlet for the company to run. verting the process. ate reading with love and comfort. on Twitter (@lpbreakfastclub) and Face- The process at times tends to say Something has to give. Providing a new book each month book (facebook.com/lpbreakfastclub).

Give Everyone on Your List a Reboot This Year

REBOOTS FOR EVERYBODY. less clicks across a wilderness of help know, that one that makes your son As I sat there on hold – again – pages and following your mouse into the evoke the season, “Jeez, Dad,” and makes listening to synthesizer Gap crap, or a netherworld of chat rooms reveals but others leave the table – give a reboot. For good beat slowly beat to death, or Barry one constant refrain: the mean snap of one spouse to another, Manilow at the Copa, the Copacabana – Reboot. or one friend to another, or one colleague I was reminded of a Lily Tomlin line from But here’s the thing. Most of the time, to another, give a reboot. For a bad mo- MEMPHASIS years ago, “I had a terrible dream last dan conaway most of the evils in your operating sys- ment, a stupid second, for something night. I dreamed that the man who in- tem, most of the bugs crawling around that hurts both parties, give a reboot. vented Muzak invented something else.” our technical department,” she answers, in your apps, miraculously disappear If you don’t, things get stuck on hold Then a voice broke through, a live one and before I can scream in protest, when you reboot. To be sure, they can – small glitches turn into bigger things, – not the recorded one that had assured before I can tell her how many times I’ve reappear, maybe larger and nastier, but and things just might have to go to the me every minute or so since shortly been left at the altar like this by so many rebooting does seem to be the world’s technical department, or make us as before lunch last Thursday that someone like her, there’s Barry again, this time new do-over on the playground, the new distant from each other as Memphis and would be with me shortly – but a live bemoaning the loss of Mandy. “The night kick to the TV your father adjusted the Mumbai. voice saying, almost singing my name in goes into morning, just another day,” he picture with, the new duct tape for tears “Reboot,” she said. an exotic Indian lilt, reaching across con- sings, and I can relate, because it’s now in the ether. I’m a Memphian, and I need a reboot. tinents and cultures to give me my (your 11½ hours later in Mumbai. It can’t fix the biggest problems but And I could use some new batteries, too. choice) computer-modem-wireless And don’t tell me about online it can address the smaller ones, make us router-email-cloud-iPhone-Android-iPad- troubleshooting. Without the magic mojo feel better, and allow us to get on with it. Dan Conaway is a lifelong Mem- tablet-Kindle-printer-scanner-Uverse- of routers, cables, satellites and clouds, So here’s the idea. Give everybody phian, longtime adman and aspiring cable-satellite-livelihood-life back. there is no online, only the dark, cold on your list a reboot this year. Maybe a local character in a city known for them. I explain my problem. “Reboot,” she screen. For those moments when the couple. For that comment somebody Reach him at dan@wakesomebodyup. said. “I have,” I said. “I will connect you to problem might be solved online, count- makes at the holiday dinner table – you com. www.thememphisnews.com December 14-20, 2012 39

NONPROFIT SECTOR Parade Float Honors Life-Giving Donors erinn figg | Special to The Memphis News

Memphian one of 72 celebrated at Donate Life Rose Parade on New Year’s Day for organ donation

eventeen-year-old Lexie Davis was tion. Donate Life America will honor this performance, and the packed gym full we offer to come in and teach for an hour an outgoing, caring teenager who life-saving gift by featuring Davis in one of student attendees wore green, Davis’ or a full day so they can be well-informed Stried to see the good in everyone of 72 floral donor portraits on the Donate favorite color. when they get their driver’s licenses.” she met. Life Rose Parade Float on New Year’s Day Davis’ 15-year-old sister Krista, her In Tennessee, an estimated 2,400 Her free-spirited nature shone through in Pasadena, Calif. grandmother Delois Bolden, great-grand- people wait for a life-saving organ trans- in her love for singing and belly dancing. “It is my honor to present Lexie to the mother Clarice Bolden, and Methodist plant, according to Donate Life America, And although she wasn’t too experienced world. Like every one of our donors, she University Hospital nurse Holly Lunsford and 122 Tennesseans died waiting for a at making meals from scratch, Davis could is so special because she opted to give the joined Walton as honorary guests, and a transplant in 2011. add a few extra ingredients to a frozen greatest gift in the world – the gift of life,” particularly special moment took place Currently, Tennessee’s donor statistics burrito and transform it into something of said Randa Lipman, community outreach when principal Eric Harris named Davis are lower than the national average: 42 a culinary masterpiece. manager for Mid-South Transplant Foun- as an honorary East High School graduate. percent of Americans and 35 percent of A student at East High School and a dation Inc., the federally designated organ “I felt like I was at the Academy Awards Tennesseans are registered donors, with choir member at Greater Pleasant Hill procurement organization that serves and she had just won Best Actress,” Wal- an average of 280 Tennesseans becoming Baptist Church, Davis believed life should West Tennessee, East Arkansas and North ton said. “It was a real emotional journey organ donors annually. be lived to the fullest, and she shared this Mississippi as part of the national Donate for me. To know that I get to walk on her Lipman said several misconceptions outlook with her family and friends. When Life America alliance. “This float is the behalf and get her diploma with her class contribute to a reluctance to donate, the she died from complications of an epi- world’s largest symbol of the importance is amazing.” biggest being a fear that hospital emer- leptic seizure on Aug. 2, 2011, her mother of organ donation. It’s seen by so many Students also had the opportunity to gency room physicians won’t work as hard Yolanda Walton had no problem making millions of viewers worldwide.” sign up to be organ donors at the event. to save an organ donor. the decision to donate Davis’ organs to On Dec. 6, the foundation hosted Teaching high school students about the “Obviously that’s not true,” she said. others who needed them. an event with East High School to bring benefits of organ and tissue donation is “They’ve taken an oath to do everything “I knew that she was so full of life that family and friends together to put the one of the foundation’s major initiatives, possible to save lives.” she could still help other people,” Walton finishing touches on Davis’ floragraph – a Lipman said. She also frequently hears concerns said. “I knew that’s what she would have portrait made of flowers, seeds, coffee “It’s amazing how many high school that organ donation might violate reli- wanted.” grounds and other natural materials that students raise their hands when I ask how gious beliefs. But in fact, organ donation is Today, five people are alive because will be added to the Donate Life America many of them know someone who has supported by most religions, she said, and of Davis’ organ donations, and countless float, themed “Journeys of the Heart.” been touched by an organ donation,” she the foundation has educational informa- more are benefiting from her tissue dona- The school’s praise dancers gave a special said. “Through our high school programs, tion available for almost every faith.

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